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USDT Launching on Kava Network
Native USDT unlocked on the Cosmos network.
USDT, the world's largest stablecoin by market capitalization, was launched on the Cosmos network via KAVA. This is an important milestone for the expansion of the DeFi ecosystem on the Cosmos network.
Making a statement on the subject, Kava Co-Founder Scott Stuart expressed his happiness over the successful integration of USDT with the following words:
You may be interested in: What is Liquidity (LQTY)?
Our support for Tether's USDt integration unlocks much needed stablecoin liquidity in the Cosmos and EVM ecosystems. Tether's move makes Kava an important support and strong partner for Cosmos ecosystem projects that are building the internet of blockchains.
With Tether integration, Cosmos' DeFi ecosystem could expand significantly and address issues such as the lack of liquidity that emerged after Terra's collapse. With a strong reputation and 65% market dominance over other stablecoins, Tether will offer both users and developers greater security and reliability.
On the other hand, Tether CTO Paolo Ardoino said the following about Kava integration:
Kava is a unique and widely used blockchain network with a clean track record of security and a solid four-year history essential to protecting USDt users. With this partnership, we aim to shape the future of decentralized finance and foster a robust and inclusive ecosystem that benefits users around the world.”
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