ChainPort Enables USDT and USDC Bridging to Chiliz Chain

tl;dr 

• ChainPort enables USDT and USDC bridging to the Chiliz Chain using Hybrid Bridging technology.
  
• USDT & USDC holders can now bridge their tokens to Chiliz Chain and back securely.
  
• The addition of USDT and USDC is expected to boost DEX activity on Chiliz Chain.
  
• ChainPort integrated Chiliz Chain as its 25th supported blockchain in September, enhancing interoperability with other major networks.

Bridging USDT & USDC to Chiliz Chain 

ChainPort has enabled USDT and USDC bridging to Chiliz Chain, enhancing cross-chain interoperability for popular stablecoins. 

Since USDT is not natively available on the Chiliz Chain, ChainPort utilizes its Hybrid Bridging tech, which combines lock-and-mint and native bridging methods. This ensures high security and efficiency when bridging USDT across different chains. USDC is integrated into Chiliz Chain via ChainPort using Circle’s official Bridged USDC standard.

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Supported Chains for USDT

Ethereum to Chiliz Chain

Polygon to Chiliz Chain

Supported Chains for USDC

Base to Chiliz Chain

Ethereum to Chiliz Chain

Polygon to Chiliz Chain

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*Please note that bridging in the opposite route is also enabled

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This addition of USDT and USDC is expected to boost the activity of KAYEN Protocol, a popular DEX on Chiliz Chain, opening up new opportunities for traders and liquidity providers.

In September, ChainPort integrated Chiliz Chain as its 25th supported blockchain, further expanding its cross-chain capabilities. This integration allows users to bridge assets like USDT and other tokens to and from Chiliz Chain, enhancing the chain by increasing interoperability with other major networks.

About Chiliz - Powering Fan Engagement in Web3

The Chiliz Group is the creator of Fan Tokens and the Chiliz Chain, the premier blockchain provider for the global sports industry. It already serves over two million global users through its flagship fan engagement platform, Socios.com. The chain supports more than 70 Fan Tokens from the world’s largest sports brands, including FC Barcelona, Paris Saint-Germain, Manchester City, and major F1 teams. The Chiliz Chain, the Layer-1 blockchain, has been specifically designed for the sports and entertainment industry. Through developer and community involvement, the Chiliz ecosystem supports any sporting organization looking to unlock blockchain innovation. 

How to Bridge USDT from Ethereum to Chiliz Chain in 3 Steps

Using ChainPort, users can bridge USDT, USDC and other tokens to Chiliz Chain and vice versa. This walkthrough is specifically for bridging USDT from ETH to Chiliz Chain, while a guide on bridging CHZ from Chiliz to Ethereum is also available. 

Step 1 - Connect Your Wallet

Head over to the ChainPort app (https://app.chainport.io/) and connect your wallet. Wallets such as Ledger, Trezor, Coinbase Wallet, Wallet Connect, and Metamask are supported by ChainPort.

Step 2 - Select the Chains & Token

In the drop-down menu, select the source blockchain and token. In our case, the source chain is Ethereum, and the token is USDT. Select Chiliz Chain as the target chain.

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Step 3 - Confirm Tx & Get Tokens

Before confirming the transaction, please review all the related information. Details include the source and target blockchain, gas fees, and the specific number of USDT tokens. Once all details are confirmed, please approve the transaction and wait a few minutes.

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