Tether expands on Kava, enhancing liquidity and offering more blockchain options.
KAVA token surges 5% amid wider crypto market recovery.
Tether, the leading stablecoin issuer, is expanding its reach by issuing its USDT stablecoin on the Kava blockchain. The move aims to enhance liquidity and provide users with more options across multiple blockchains.
Kava is a layer-1 blockchain known for its scalability and speed. It offers a unique co-chain design that combines the flexibility of the Ethereum virtual machine with the interoperability of the Cosmos software development kit.
Tether USDt comes to the #Cosmos ecosystem! We have chosen to deploy USDt on @KAVA_CHAIN, the gateway to the Cosmos ecosystem. USDt on KAVA is launching on July 3rd.
Read more https://t.co/myCkHhHHud pic.twitter.com/YQFgO5381m
— Tether (@Tether_to) June 21, 2023
Following the announcement, KAVA, the native token of the Kava blockchain, experienced a surge of 4.8% before settling at $0.912. The token remains
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