Tether, the company behind the largest stablecoin, USDT, has partnered with Kava, a lightning-fast layer-1 blockchain, to launch USDT on the Kava network. This move opens up a whole new world of DeFi opportunities for USDT holders and the Cosmos ecosystem.
USDT Launches On Kava
Despite USDT being available across various popular blockchain networks, including Ethereum, Polygon, Tron, BNB Chain, and Solana, Tether seems to continue to work hard as it grows its footprint across the Web3 industry.
Late last month, the company announced plans it is looking to launch the stablecoin on the Kava blockchain – a blockchain with a co-chain design that combines the flexibility of the Ethereum virtual machine with the speed, low transaction fees, and interoperability of the software development kit of Cosmos
“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 USD₮ users. Together
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