• Tether has chosen Kava as its gateway to the Cosmos ecosystem.
• Kava will help bring stability and unlock liquidity across Cosmos and EVM ecosystems.
• Native USDt issued on Kava will address the limited growth, low liquidity, and increased volatility of using the Cosmos ecosystem.
Tether Chooses Kava as Gateway for Cosmos USDt
Tether has chosen Kava, a layer-1 blockchain designed for scalability and speed, as its gateway to the Cosmos ecosystem. This integration could potentially catalyze a significant expansion of the DeFi economy by bringing accessibility and financial stability to users and developers within the Cosmos ecosystem.
Kava Excited by Tether Decision
Kava is excited and honored by Tether’s decision to bring the world’s most liquid, secure, and transparent stablecoin USDt to Cosmos appchains and Kava EVM dApps. It will help bring stability and unlock liquidity across Cosmo’s EVM ecosystems.
Native Issued USDt on Kava
Unlike external bridge solutions; which proliferate dozens of versions of a wrapped asset siloing liquidity discouraging participation, natively issued USDt on Kava simplifies the process offering a streamlined efficient mechanism for stablecoin liquidity provision and transfer between the Cosmos & Ethereum ecosystems.
Potential Expansion of DeFi Economy
This integration could potentially catalyze a significant expansion of the DeFi economy by bringing accessibility & financial stability to users & developers within the Cosmos ecosystem. It will address limited growth, low liquidity & increased volatility when using the Cosmos Ecosystem; thus helping ignite robust DeFi economy empowering appchains, EVM dApps & their users with secure widely adopted canonical stablecoin.
In conclusion, Tether’s decision to integrate USDt natively on cosmos using Kava as a hub offers numerous advantages that are expected to benefit users & developers in this space significantly; unlocking more value from existing products while creating new opportunities for future growth!