Tether Chooses Kava for USDt Gateway to Cosmos Ecosystem
• Tether has chosen Kava as its gateway to the Cosmos ecosystem.
• This integration will bring stability and unlock liquidity across Cosmos and EVM ecosystems.
• This integration could potentially catalyze a significant expansion of the DeFi economy.
Tether Chooses Kava As Gateway for Cosmos USDt
Tether, the world’s most liquid, secure, and transparent stablecoin has chosen Kava as its gateway to the Cosmos ecosystem. Kava is a layer-1 blockchain designed for scalability and speed, and is excited by Tether’s decision to bring USDt to Cosmos appchains and Kava EVM dApps.
Benefits of Integration
Native USDt issued on Kava will address the limited growth, low liquidity, and increased volatility of using the Cosmos ecosystem. This integration will bring accessibility and financial stability to users and developers within the Cosmos ecosystem by providing a streamlined mechanism for stablecoin liquidity provision and transfer between the Cosmos and Ethereum ecosystems.
Increased DeFi Growth
Tether’s decision to integrate USDt natively on Cosmos with Kava as a hub could potentially catalyze a significant expansion of the DeFi economy; empowering appchains, EVM dApps, and their users with a secure and widely adopted canonical stablecoin.
Kava Co-Founder Comments
Scott Stuart, Co-Founder of Kava commented: “Kava’s support of Tether’s USDt integration will help bring stability and unlock liquidity across Cosmos and EVM ecosystems.“
In conclusion, this integration between Tether’s USDt stablecoin with Kava as its gateway to the Cosmo Ecosystem brings many benefits including unlocking liquidity across multiple networks while increasing growth in DeFi economies around them both.