According to Odaily, PancakeSwap has announced the launch of its Wormhole native USDT transfer function. This move is aimed at enhancing the utilization rate of USDT liquidity in PancakeSwap pools on Ethereum, Arbitrum, Base, and BNB chains. It also extends the role of PancakeSwap beyond traditional DEX swaps.
The introduction of the Wormhole native USDT transfer function by PancakeSwap is a significant development in the crypto space. It is expected to improve the efficiency of transactions and increase the liquidity of USDT in PancakeSwap pools across multiple chains. This move also broadens the scope of PancakeSwap, allowing it to serve more than just traditional DEX swaps.
In conclusion, PancakeSwap's new feature is a strategic move to increase the utilization rate of USDT liquidity in its pools on various chains. It also expands the role of PancakeSwap in the crypto market, making it more versatile and useful for users.