21. Juli 2024

Tether Chooses Kava to Bring USDt to Cosmos and EVM Ecosystems

• Tether has chosen Kava as the gateway to the Cosmos ecosystem for its USDT stablecoin.
• The integration of USDT natively on Cosmos with Kava as a hub will bring liquidity and stability to users within that ecosystem.
• This integration will potentially catalyze a significant expansion of DeFi opportunities across both Cosmos and Ethereum ecosystems.

Tether Chooses Kava

Tether has selected Kava, a layer-1 blockchain designed for scalability and speed, as the gateway to the Cosmos ecosystem for its USDt stablecoin.

Bringing Liquidity & Stability

Kava’s support of Tether’s USDt integration will help unlock liquidity and bring stability across Cosmos and EVM ecosystems. Native USDt issued on Kava will address limited growth, low liquidity, and increased volatility of using the Cosmos ecosystem, while also enabling a robust DeFi economy that empowers appchains, EVM dApps, and their users with a secure canonical stablecoin.

Catalyzing DeFi Expansion

The integration of USDt natively on Cosmos with Kava as a hub is aimed at bringing accessibility and financial stability to developers within the Cosmos ecosystem. By simplifying processes compared to external bridge solutions that proliferate multiple versions of wrapped assets which silo liquidity; this integration could potentially catalyze an expansive growth in DeFi opportunities across both Cosmos and Ethereum ecosystems.

Honored by Tether’s Decision

Scott Stuart, Co-Founder of Kava expressed his honor at being chosen by Tether for this project: “Kava’s support of Tether’s USDt integration will help bring stability and unlock liquidity across Cosmos and EVM ecosystems. Native USDt issued on Kava will address the limited growth, low liquidity, and increased volatility of using the Cosmos ecosystem.“

Secure & Widely Adopted Stablecoin

Tether’s decision to integrate natively on Cosmoss gives users access to one of the most liquid, secure, transparent stablecoins available today; helping them benefit from lower fees due to streamlined processes compared to external bridges which can be costly in terms of time taken or gas fees spent.