Tether – the company behind the largest stablecoin – announced the launch of USDT on Kava (a layer 1 proof-of-stake blockchain network).
Following the latest development, the token is now live on over a dozen networks, including Ethereum, NEAR Protocol, Solana, Tron, Algorand, and more.
- The stablecoin issuer praised Kava network for its scalability and speed, saying it will be the next blockchain where USDT will circulate.
- Paolo Ardoino – CTO at Tether – thinks the initiative will allow Kava to offer its “strong community” access to “the world’s first, most stable, most trusted, and most widely used stablecoin.”
“The Kava network is a unique and widely followed blockchain with a robust track record of four years with zero security issues, which is essential to protecting USDT users. Together, we aim to reshape the future of decentralized finance, fostering a robust and inclusive ecosystem that benefits users worldwide,” the exec added.
- Kava – a layer 1 blockchain that combines features of Cosmos and Ethereum – became the 14th network to support USDT. It recently announced the successful execution of its “Kava 13” mainnet upgrade, which aims to advance its infrastructure and offer customers additional protection, functionality, speed, and scalability.
- Other blockchains that have adopted the leading stablecoin by market capitalization include Ethereum, Solana, Algorand, NEAR Protocol, Polygon, Tron, Kusama, and more.