
Tether’s USDt, the world’s most liquid, secure, and transparent stablecoin, has successfully launched on Cosmos via Kava, marking a significant milestone in the expansion of the Cosmos DeFi ecosystem.
The integration of Tether’s USDt on Kava makes deep stablecoin liquidity across Cosmos’ Inter-Blockchain Communication (IBC) and Ethereum Virtual Machine (EVM) ecosystems easily accessible. With native USDt issued on Kava, the Cosmos ecosystem’s limited growth, fragmented liquidity, and exaggerated volatility get addressed by the addition of natively issued USDt for users and developers. Native USDt brings Cosmos dApp and appchains, and EVM dApp users a secure and universally adopted canonical stablecoin.
Scott Stuart, Co-Founder of Kava, expressed his excitement for the successful integration:
“Our support for Tether’s USDt integration unlocks much-needed stablecoin liquidity across the Cosmos and EVM ecosystems. Tether’s choice makes Kava a key support and a strong ally for Cosmos ecosystem projects building out the Internet of Blockchains.”
Unlike external third-party bridge solutions which create fragmented pools of wrapped assets, with the launch of Kava 14, USDt natively issued on Kava can move between IBC and EVM blockchains via an ‘internal bridge’ with tight access controls and restrictions that greatly reduce attack vectors. Kava makes moving assets across chains fast and highly secure and provides users with an efficient mechanism for stablecoin liquidity provision and transfer.
As a result, this integration could potentially catalyze a significant expansion of the DeFi economy on Cosmos, providing a compelling solution to the liquidity problem that has been challenging since the collapse of Terra’s UST in Q1 2022. Deploying Tether, a stablecoin with a strong market reputation and ~65% dominance, will also offer increased security and reliability to users and developers alike.
Paolo Ardoino, CTO at Tether stated:
“The Kava network is a unique and widely followed blockchain with a robust track record of four years with zero security issues, which is essential to protecting USDt users. Together, we aim to reshape the future of decentralized finance, fostering a robust and inclusive ecosystem that benefits users worldwide.”
Kava is a secure, lightning-fast Layer-1 blockchain that combines the developer power of Ethereum with the speed and interoperability of Cosmos in a single, scalable network. Committed to fostering innovation and growth, Kava is a trusted choice for developers and users worldwide.
For more updates, follow Kava on Twitter.
Disclaimer: This publication is sponsored. Coinspeaker does not endorse or assume responsibility for the content, accuracy, quality, advertising, products, or other materials on this web page. Readers are advised to conduct their own research before engaging with any company mentioned. Please note that the featured information is not intended as, and shall not be understood or construed as legal, tax, investment, financial, or other advice. Nothing contained on this web page constitutes a solicitation, recommendation, endorsement, or offer by Coinspeaker or any third party service provider to buy or sell any cryptoassets or other financial instruments. Crypto assets are a high-risk investment. You should consider whether you understand the possibility of losing money due to leverage. None of the material should be considered as investment advice. Coinspeaker shall not be held liable, directly or indirectly, for any damages or losses arising from the use or reliance on any content, goods, or services featured on this web page.