DeversiFi launches L2 bridge to Bitfinex for instant Tether (U | CryptoSoul

DeversiFi launches L2 bridge to Bitfinex for instant Tether (USDt) transfers

Bitfinex, the popular crypto trading platform, and DeversiFi, a layer-2 (L2) trading platform powered by StarkWare technology, have launched the first L2 bridge between a centralized and decentralized exchange, enabling fast and low-cost transfers for ERC-20 tokens, starting with Tether tokens (USDt).

With centralized exchanges seen as the entry point into cryptocurrency for many users, the new bridge will propel further adoption of DeFi by providing traders from both exchanges with access to the opportunities on each platform without having to transact on layer-1 (L1) Ethereum.