Kava 14 Accelerates Cosmos Ecosystem Expansion

<p>Kava, a Layer-1
blockchain that combines the developer power of Ethereum with the speed and
interoperability of Cosmos has launched the Kava 14 upgrade. This upgrade
deploys 'internal bridge' technology to seamlessly convert native Cosmos assets
to and from Ethereum’s ERC20 token standard.</p><p>Kava 14
is one of a cluster of milestones in the making. In early July, Tether
announced it’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, to — and from — USDt on every other L1 with native USDt including
the: Bitcoin (Omni &amp; Liquid protocol), Ethereum, TRON networks, and more.</p><p>“Within
the first few days of Kava launching the official Tether integration, more USDt
has been issued on Cosmos than on Polkadot and Near combined,” said Scott
Stuart, Kava Co-Founder. “It’s clear that people want USDt on the interchain.
I’m optimistic that having a native stablecoin and a safe, reliable way to
convert it across chains via the Kava 14 upgrade will finally unlock the
incredible tech the Cosmos ecosystem has built.”</p><p>Kava
Gains Momentum</p><p>Following
Tether's July announcement, Kucoin now supports Kava's Cosmos and EVM networks,
providing a reliable CEX for user transactions within the Cosmos ecosystem. </p><p>Meanwhile,
Curve Finance's launch of a USDt liquidity pool offers a decentralized
alternative for experienced users. In parallel, Stargate, a top omnichain
liquidity layer, is set to launch on Kava, anticipating increased usage and
liquidity. This expansion comes after a governance proposal that plans to widen
the scope of the Kava Rise incentive fund.</p><p>The Kava
14 upgrade is a leap forward for Cosmos DeFi builders and users providing a
safer, more secure, and more reliable method for converting assets to and from
the Cosmos ecosystem.</p><p>About
Kava</p><p>Kava (https://www.kava.io/) is
a secure, lightning-fast Layer-1 blockchain that combines the developer power
of Ethereum with the speed and interoperability of Cosmos in a single, scalable
network. Committed to fostering innovation and growth, Kava is a trusted choice
for developers and users worldwide. </p><p>Disclaimer</p><p>This
press release is not an offer to sell or the solicitation of an offer to buy
USDt or KAVA tokens.</p>

This article was written by FL Contributors at www.forexlive.com.