Tether Operations Limited (Tether), the well-known business behind the top stablecoin network tether.to, has formally announced its plans to provide U.S. dollar-pegged Tether tokens (USDT) on the Kava blockchain. As a layer-1 blockchain solution, Kava focuses on scalability and quick transactions, which makes it the perfect foundation for Tether’s stablecoin.
The Kava Blockchain
The Kava network has distinguished itself since its launch in 2018 with its cutting-edge co-chain architecture. The aforementioned approach brings together the adaptability of the Ethereum virtual machine with the quick transaction processing, affordable fees, and interoperability provided by the Cosmos software development kit.
Users are supposedly able to utilize the Cosmos “zones” feature within the Kava protocol thanks to this distinctive architectural strategy. Given this, Kava recently rejoiced over the successful rollout of its “Kava 13” mainnet update, which improved the platform’s security, scalability, functionality, and transaction speed.
Tether’s CTO, Paolo Ardoino, has voiced his enthusiasm for the collaboration, which is said to emphasize the importance of the Kava network’s unblemished history. We’re thrilled to be launching USDT on Kava,” he said, “giving its strong community access to the world’s first, most stable, trusted, and widely adopted stablecoin.”
One of the most important factors in maintaining the safety of USDT users is Kava’s four-year history free of security problems. The collaboration between Tether and Kava intends to transform decentralized finance in the future and foster an inclusive ecosystem that helps people all around the world.
Tether, which invented the idea in the world of digital tokens, is now even more firmly established as the most widely used stablecoin as a result of this tactical move. On a number of networks, including Ethereum, Solana, Algorand, EOS, Liquid Network, Omni, and Tron, Tether is already well-established.
With Tether’s entry onto the Kava blockchain, it is now possible for more people to utilize and access its stablecoin, giving users more alternatives for engaging in decentralized finance safely and effectively.
Kava Network Enhances Ecosystem with Integration of USDT Tokens
Tether claims that Kava’s distinctive design unleashes the Cosmos “Zones” feature. Users can take advantage of Cosmos’ “zones” functionality on the Kava blockchain, which is renowned for its innovative design and scalability, a trait noted by Tether.
With the successful rollout of its “Kava 13” mainnet update, Kava has grabbed the news. According to reports, this update improved the infrastructure of the platform, giving consumers greater security, scalability, functionality, and processing speed.
According to reports, the addition of USDT to the Kava network would raise the total number of networks that USDT supports to eight. A number of networks, including Ethereum, Solana, Algorand, EOS, Liquid Network, Omni, and Tron, already allowed the issuance of USDT before Kava.
The native token of the Kava network, KAVA, saw a huge price increase in response to this news. As of this writing, USDT is up an impressive 12% as of the time of writing, trading at 0.917.