June 23, 2023 \u2013 Georgetown, Cayman Islands<\/em><\/p>\n 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.<\/p>\n Tether USDt comes to the #cosmos<\/a> ecosystem! We have chosen to deploy USDt on @KAVA_CHAIN<\/a>, the gateway to the Cosmos ecosystem. USDt on KAVA is launching on July 3rd.<\/p>\n Read more https:\/\/t.co\/myCkHhHHud<\/a> pic.twitter.com\/YQFgO5381m<\/a><\/p>\n \u2014 Tether (@Tether_to) June 21, 2023<\/a><\/p>\n<\/blockquote>\n Scott Stuart, co-founder of Kava, said,<\/p>\n \u201cKava’s support of Tether’s USDt integration will help bring stability and unlock liquidity across Cosmos and EVM ecosystems.<\/em><\/p>\n \u201cNative USDt issued on Kava will address the limited growth, low liquidity and increased volatility of using the Cosmos ecosystem and help ignite a robust DeFi economy, empowering appchains, EVM DApps and their users with a secure and widely adopted canonical stablecoin.\u201d<\/em><\/p>\n Tether’s decision to integrate USDt natively on Cosmos , <\/span>using kava as a hub , <\/span>will bring accessibility and financial stability to users and developers within the Cosmos ecosystem.<\/p>\n Unlike external bridge solutions , <\/span>which proliferate dozens of versions of a wrapped asset, siloing liquidity, discouraging participation and harming user experience , <\/span>Natively issued USDt on Kava simplifies the process and offers a streamlined, efficient mechanism for stablecoin liquidity provision and transfer between the Cosmos and Ethereum ecosystems.<\/p>\n As a result, this integration could potentially catalyze a significant expansion of the DeFi economy on Cosmos, providing a compelling solution to the liquidity problem that has been challenging since the collapse of Terra’s UST in Q1 2022.<\/p>\n Deploying Tether , <\/span>a stablecoin with a strong market reputation and an estimated 65% dominance ,<\/span> will also offer increased security and reliability to users and developers alike.<\/p>\n In the announcement<\/a> on June 21, 2023, Paolo Ardoino, CTO of Tether, said,<\/p>\n \u201cThe 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 USDt users. Together, we aim to reshape the future of decentralized finance, fostering a robust and inclusive ecosystem that benefits users worldwide.\u201d<\/em><\/p>\n Cava<\/a> is a secure, lightning-fast layer one blockchain that combines the developer power of Ethereum with the speed and interoperability of Cosmos in a single scalable network.<\/p>\n Committed to fostering innovation and growth, Kava is a trusted choice for developers and users worldwide.<\/p>\n For more updates, follow Kava on Twitter<\/a>,<\/p>\n This press release is not an offer to sell or a solicitation of an offer to buy USDt or KAVA tokens.<\/p>\n Guillermo Carandini<\/a>media manager of Kava<\/p>\n Follow us on Twitter<\/a> facebook<\/a> Telegram<\/a><\/span><\/p>\n\n
Tether chooses Cava<\/a>a layer one blockchain designed for scalability and speed, as its gateway to the Cosmos ecosystem.<\/h5>\n<\/blockquote>\n
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