Telos taps Stargate, Circle and BitGo to unlock liquidity and DeFi growth

Telos has integrated in several platforms through the cryptography ecosystem while it seeks to unlock cross-liquidity and decentralized financing opportunities.

The Telos Foundation announcement Expansion via X, noting that Telos now operates the technology and solutions of Stargate, Bitgo and Circle to improve the safety, accessibility and liquidity of the network.

More specifically, Telos draws from Stargate, a transverse liquidity protocol built on Couchezero, to allow transfers of native multi-chain assets. This integration will allow users to fill the tokens between Telos and 30 other networks, opening up new opportunities in a multi-chain decentralized financial ecosystem.

Other integrations include with Hydra, part of Stargate V2 to provide assets such as wrapped bitcoin (WBTC), USDC (USDC) and the attachment (USDT) to Telos.

“By bringing tokens of great value and widely used in Telos, Hydra improves the accessibility of liquidity and promotes the deeper commitment of DEFI,” wrote the Telos foundation.

The WBTC and USDC integration of Telos is via Bitgo and Circle, the two companies among the main providers of ecosystems. The partnership with BitGO brings not only WBTC to Telos, but also guarantees that this occurs with the support of a supplier who can unlock liquidity for institutional access on the platform.

Circle allows a sharp version of its Stablecoin USDC to be broadcast on Telos, this offer for the deployment of the native USDC on Telos Mainnet.

According to Defillama, the total value locked in protocols DEFI on Telos is currently around $ 16.6 million. THE Telos TVL is spread over decentralized exchanges, loan protocols, real asset platforms and liquid ignition providers, among others.

The Telos Foundation said in the announcement that the upgrades and the integrations he has obtained would be crucial for interoperability and the imprint of Telos Blockchain in Defi.

“The road is now open for mass liquidity to flow into the ecosystem, making suchos a privileged destination for users and developers DEFI,” he noted.