Tether Launches USDt on Kava
- Tether’s USDt has launched on Cosmos via Kava, unlocking native USDt to the Cosmos DeFi ecosystem.
- Native USDt brings Cosmos dApp and app chains, and EVM dApp users a secure and universally adopted canonical stablecoin.
- Kava makes moving assets across chains fast and highly secure.
Overview of Tether’s Launch on Kava
Tether’s USDt, the world’s most liquid, secure, and transparent stablecoin, has successfully launched on Cosmos via Kava. The integration of Tether’s USDt on Kava unlocks native USDt for users and developers in the Cosmos DeFi ecosystem. This brings deep stablecoin liquidity across the Inter-Blockchain Communication (IBC) and Ethereum Virtual Machine (EVM) ecosystems. Natively issued USDt is a secure and universally adopted canonical stablecoin which addresses limited growth, fragmented liquidity, and exaggerated volatility within the Cosmos ecosystem.
Reaction from Co-Founder of Kava
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.”
Difference from External Solutions
Unlike external third-party bridge solutions which create fragmented pools of wrapped assets, with natively issued USDT on Kava users can move between IBC & EVM blockchains via an ‘internal bridge’ with tight access controls that reduce attack vectors making it fast & highly secure.