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stabble, a leading high-yield liquidity platform on Solana blockchain, is collaborating with Kima Network, a well-known decentralized settlement infrastructure network. The partnership redefines decentralized finance (DeFi) by simplifying stablecoin deposits across chains with a fiat on-ramp in a completely decentralized manner. In this respect, the users can deposit the prominent stablecoins, $USDC and $USDT.
Kima Network to Deliver Simplified Stablecoin Deposits via Fiat Onboarding
stabble’s partnership with Kima Network underscores a revolutionary step for decentralized finance (DeFi). Hence, the collaboration enables the deposits in $USDC and $USDT in a seamless manner. For this purpose, it introduces a fiat on-ramp in a fully decentralized setting.
Additionally, the famous blockchains from which the funds can be deposited in the aforementioned stablecoins include Optimism, Base, Tron, Avalanche, and Ethereum. Dissimilar to the conventional bridge-based solutions, the integration of stabble and Kima Network circumvents 3rd-party custodians, wrapped tokens, and smart contracts. Consumers can directly transact stablecoins from the favorite chain, with funds going to Solana in USDC or USDT.
Instant Yield Deployment with Lower Complexity, Fees, and Risk
Once reaching Solana, the deposited funds can be readily deployed to the yield-providing liquidity pools. This decreases complexity, fees, and risk, providing an unparalleled experience for newcomers and already operating DeFi users. Thus, the fiat-to-crypto onboarding permits consumers to fund stabble accounts in their possession via direct bank transactions or credit cards in EUR and USD.
As per stabble, the integration enables cross-chain settlement with a precise 1:1 conversion to stablecoin in real time. Additionally, this also incurs the lowest fees while eliminating intermediaries.
Moving on, it delivers a completely non-custodial and decentralized structure. Apart from that, it also provides an embedded regulatory logic and KYC mechanism to ensure future-proof compliance. Moreover, the collaboration also offers a sole API integration route with zero costs for deployment.
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