Stabble Taps Kima Network to Streamline Cross-Chain and Fiat Deposits on Solana

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.