In an effort to improve liquidity across various blockchains, Tether, a prominent stablecoin provider, has decided to issue its stablecoin, USDT, on the layer 1 blockchain of Kava.
The objective of this strategic move is to grant the Kava community access to the world’s first, highly trusted, and extensively utilized stablecoin.
By issuing USDT on the layer 1 blockchain of Kava, Tether aims to provide Kava’s users and community members with the opportunity to leverage the benefits of the world’s leading stablecoin.
Kava was established in 2018 and has gained recognition for its co-chain design, which provides an infrastructure for hosting Tether’s dollar-pegged tokens.
The platform incorporates the best features of the Ethereum virtual machine, such as its flexibility, fast transaction processing, low fees, and the interoperability provided by Cosmos’ software development kit.
Additionally, in a recent update, the Kava blockchain underwent a significant upgrade to its mainnet
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