• Tether’s USDt has successfully launched on Cosmos via Kava
• Native USDt unlocks deep liquidity across the Cosmos and EVM ecosystems
• Kava is providing an internal bridge with tight access controls to facilitate the movement of assets between IBC and EVM blockchains
Tether Launches USDt on Kava
Tether’s USDt, the world’s most liquid, secure, and transparent stablecoin, has successfully launched on Cosmos via Kava. This integration makes deep stablecoin liquidity across Cosmos’ Inter-Blockchain Communication (IBC) and Ethereum Virtual Machine (EVM) ecosystems easily accessible.
Benefits of Native USDt
With native USDt issued on Kava, the Cosmos ecosystem benefits from limited growth, fragmented liquidity, and exaggerated volatility by adding natively issued USDt for users and developers. Native USDt brings a secure and universally adopted canonical stablecoin to both Cosmos dApp and app chains as well as EVM dApp users.
Excitement 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.”
Internal Bridge With Access Controls
Unlike external third-party bridge solutions which create fragmented pools of wrapped assets, with the launch of Kava 14 natively issued on Kava can move between IBC and EVM blockchains via an ‘internal bridge’ with tight access controls that greatly reduce attack vectors. This facilitates fast movement of assets across different chains.
Conclusion
The launch of Tether’s USDT on top of Kavas marks a significant milestone in terms of expanding DeFi capabilities within thte Cosmos eco system. With natively issued USTD comes great stability to different blockchains while also providing access control features to ensure security.