Latest crypto news for Tether and its USDT stablecoin, which will soon be natively integrated within the Kava ecosystem, designed as a scalable and efficient layer 1.
Tether’s landing on another blockchain, in addition to those in which it has already set foot, fortifies the company’s dominance in a sector of the market on which there is little competition lately.
Let’s look at the details of the news together.
Tether announces launch of USDT stablecoin on Kava
Tether Operations Limited, based in the British Virgin Islands, announced a short while ago the launch of the USDT stablecoin on the layer 1 Kava, a blockchain founded in 2018 that bases its roots on the concept of scalability.
The landing of Tether’s flagship product on Kava is a win-win for both parties.
The move to Kava ensures a foothold for users in the Cosmos ecosystem who intend to use the stablecoin, who can use the former as an access gateway.
In addition, the integration allows USDT, which a few days ago updat
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