Kava 14 is set to accelerate the expansion of the Cosmos ecosystem. Kava, a Layer-1 blockchain that combines the developer power of Ethereum with the speed and interoperability of Cosmos, has recently launched the Kava 14 upgrade. This upgrade introduces ‘internal bridge’ technology, which allows for the seamless conversion of native Cosmos assets to and from Ethereum’s ERC20 token standard.
One of the significant milestones leading up to the Kava 14 upgrade was Tether’s decision to make Kava the gateway for issuing native USDt on Cosmos. With the launch of Kava 14, USDt can now be minted and easily converted on Cosmos, as well as on other Layer-1 blockchains that support native USDt, including Bitcoin (Omni & Liquid protocol), Ethereum, TRON, and more.
The integration of Tether has already seen significant traction on Cosmos. Within the first few days of the official Tether integration, more USDt has been issued on Cosmos than on Polkadot and Near combined. This demonstrates the demand for USDt on interchain platforms. Kava Co-Founder Scott Stuart is optimistic that the Kava 14 upgrade, which enables the seamless conversion of native stablecoins across chains, will unlock the full potential of the Cosmos ecosystem.
Kava’s momentum continues to grow with the support of Kucoin, a leading cryptocurrency exchange. Kucoin now supports Kava’s Cosmos and EVM networks, providing a reliable centralized exchange for user transactions within the Cosmos ecosystem. Curve Finance has also launched a USDt liquidity pool, offering a decentralized alternative for experienced users. Additionally, Stargate, a top omnichain liquidity layer, is set to launch on Kava, further increasing usage and liquidity.
The Kava 14 upgrade is a significant advancement for DeFi builders and users within the Cosmos ecosystem. It provides a safer, more secure, and more reliable method for converting assets to and from Cosmos. The integration of Tether and the support from Kucoin, Curve Finance, and Stargate indicate the growing recognition and adoption of Kava as a trusted choice for developers and users worldwide.
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In conclusion, Kava 14’s introduction of ‘internal bridge’ technology is a significant development for the Cosmos ecosystem. The seamless conversion of native assets across different chains will foster innovation and growth within the Cosmos community. With the support of major players in the industry, Kava is well-positioned to further expand and solidify its presence in the blockchain space.