Gemini, the U.S.-based cryptocurrency exchange and custodian, has expanded its multichain capabilities by enabling USDT and USDC deposits and transfers on the Avalanche network. This marks the first time Gemini Exchange and Wallet customers can send or receive these stablecoins via Avalanche, adding to the platform’s growing list of supported blockchains.
With this integration, Gemini users can now move USDT and USDC seamlessly across six networks — Ethereum, Solana, Base, Optimism, Arbitrum, and Avalanche. The move aims to enhance transaction flexibility and reduce network congestion and fees for stablecoin users, particularly those engaged in decentralized finance (DeFi) and cross-chain transfers.
Avalanche: A fast-growing Layer-1 alternative
Launched in 2020 by Ava Labs, Avalanche has emerged as a popular layer-1 blockchain known for its Avalanche Consensus Protocol, which uses thousands of validators to confirm transactions rapidly and efficiently. Designed as a faster and more scalable alternative to Ethereum, Avalanche has become a preferred platform for DeFi, gaming, and enterprise applications.
By integrating Avalanche, Gemini is tapping into a network recognized for low latency and high throughput — features increasingly critical for traders managing large stablecoin positions or seeking efficient DeFi access.
Gemini’s multichain strategy
This expansion underscores Gemini’s broader strategy of offering a multichain experience to its global user base. In recent months, the exchange has added support for ETH and USDC on Optimism, Arbitrum, and Base, bringing similar functionality to customers in New York.
Gemini, founded by Cameron and Tyler Winklevoss, is known for its focus on security, regulatory compliance, and ease of use. The addition of Avalanche connectivity further strengthens its role as a bridge between centralized finance and the rapidly evolving multichain DeFi ecosystem.
As stablecoin usage continues to grow, Gemini’s expansion into Avalanche could pave the way for faster, cheaper, and more accessible cross-chain liquidity options.
Read also: Gemini launches Solana credit card with auto-staking rewards
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