Tether’s USDT, a stablecoin, has successfully launched on Cosmos via Kava, marking a significant milestone in the expansion of the Cosmos decentralized finance (DeFi) ecosystem.
Integrating Tether’s USDT on Kava makes stablecoin liquidity across Cosmos’ Inter-Blockchain Communication (IBC) and Ethereum Virtual Machine (EVM) ecosystems easily accessible.
With native USDT issued on Kava, the Cosmos ecosystem’s limited growth, fragmented liquidity, and excessive volatility get addressed by adding natively issued USDT for users and developers. Native USDT brings Cosmos dapp and app chains, and EVM dapp users a secure and universally adopted canonical stablecoin.