Polkadot-native assets are now seamlessly trading with BTC, ETH, and USDC across ecosystems, thanks to a strategic collaboration between Chainflip and Velocity Labs. This partnership has integrated Polkadot’s Asset Hub directly into the Chainflip network, allowing for deeper stablecoin markets and exposure to a wider range of blockchains. This transformation of Polkadot liquidity into a universal, cross-chain pool means traders can now access deeper markets with just one click, while protocols can utilize friction-free liquidity for building capital-efficient, multichain applications without the need for wrapping, synthetic assets, or traditional bridging.
One of the key benefits of this integration is the frictionless access to Polkadot’s growing stablecoin ecosystem. Users can now easily swap between Polkadot-native USDC and Ethereum-native USDC or USDT, unlocking greater liquidity flows into and out of the Polkadot Asset Hub. Simon Harman, CEO of Chainflip, highlights the importance of stablecoins in decentralized finance and how their true power is realized when they can move freely across chains.
The integration also offers several other benefits, including deeper universal liquidity with new pairs like hubUSDC/USDC.eth or hubUSDT/USDT.eth, native asset settlement directly on Polkadot’s infrastructure, a user-friendly experience with one transaction and interface, and unified compliance and security through Asset Hub’s standardized asset management protocols. Supported pairs at launch include hubUSDC, hubUSDT, BTC, ETH, and USDC.
Nicolas, CEO of Velocity Labs, emphasizes the importance of improving native stablecoin accessibility on Polkadot and praises Chainflip for providing a fast, safe, and seamless way for users to access native assets on the platform. As part of this initiative, the integration is now live in SubWallet, a leading wallet in the Polkadot ecosystem, allowing users to perform seamless cross-chain swaps combining Polkadot’s shared security with Chainflip’s advanced swapping technology.
Chainflip’s integration into SubWallet abstracts away much of the complexity of cross-chain swaps while leveraging Polkadot’s XCM and Asset Hub infrastructure. This allows users to interact with Bitcoin, Ethereum, and Polkadot-native assets in a unified interface without ever leaving the wallet, showcasing the power of modular interoperability in translating to real utility for end-users.
In conclusion, the collaboration between Chainflip and Velocity Labs has opened up new possibilities for seamless cross-chain swaps and enhanced liquidity in the Polkadot ecosystem. With the integration of Asset Hub into Chainflip’s network and SubWallet, users can now enjoy a smooth and efficient experience when trading native assets across different blockchains. This advancement marks a significant step towards a more interconnected and efficient decentralized finance landscape.