Tether Chooses Kava: Unlock Liquidity Across Cosmos Ecosystem
• Tether, the world’s most liquid, secure and transparent stablecoin USDt has chosen Kava as its gateway to the Cosmos ecosystem.
• By integrating USDt natively on Cosmos, using Kava as a hub, accessibility and financial stability will be brought to users and developers within the Cosmos ecosystem.
• This integration could potentially catalyze a significant expansion of the DeFi space across both ecosystems.
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 of native USDt on Kava will bring stability and unlock liquidity across Cosmos and EVM ecosystems.
Benefits of Native Integration
Unlike external bridge solutions which can spread dozens of versions of a wrapped asset; siloing liquidity, discouraging participation and harming user experience; natively issued USDt on Kava simplifies the process, offering an efficient mechanism for stablecoin liquidity provision and transfer between the Cosmos and Ethereum ecosystems.
The Potential Impact
This integration may potentially catalyze a significant expansion of the DeFi space across both ecosystems; bringing greater accessibilty to users as well as financial stability.
The Excitement from Both Sides
Kava is excited by this decision from Tether to bring their stable coin into the Cosmos appchains and EVM dApps. Scott Stuart, Kava Co-Founder states that “Kava’s support of Tether’s USDt integration will help bring stability and unlock liquidity across Cosmos and EVM ecosystems.“
Conclusion: A Win-Win Situation
This collaboration between Tether & Kave is beneficial for both parties — unlocking greater potential in terms of widespread accessibility & financial stability through natively issued USTD on Kave.