Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency Trading => Topic started by: joyung on June 23, 2023, 04:48:23 AM
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As you may have heard, USDT, the world’s leading stablecoin, is launching on Kava, a layer-1 blockchain that supports both Cosmos SDK and Ethereum Virtual Machine. This is a game-changer for the crypto space, and here’s why. USDT is the most trusted and widely used stablecoin, with over $60 billion in circulation. It provides stability, liquidity, and transparency for traders, investors, and users around the world. Kava is a fast, scalable, and secure blockchain that enables cross-chain interoperability and DeFi innovation. It hosts several protocols, such as HARD Protocol, Kava Swap, and Kava Lend, that offer various ways to earn with crypto assets. By bringing USDT to Kava, Tether is opening up new opportunities for us to access the diverse and growing Cosmos ecosystem with ease and convenience. We can use USDT as a bridge currency, a collateral asset, or a yield generator on different zones on Cosmos. This will increase the demand and utility of both USDT and Kava tokens, and drive more value to the network.
I’m super bullish on this partnership and I think it will benefit both projects and their communities. What about you? Do you share my optimism? Share your thoughts below. #USDT #Kava #Cosmos #DeFi
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what are some technical features of the kava platform that stand out to you? the layer 1 space is pretty competitive.
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USDC, DAI etc of the KAVA chain got depegged bcz those were issued by multichain. But, USDT is still pegged/Okay cuz it's directly related to the native USDT( tether). That is why tokens issued by third parties are better avoided.