Introducing Kava 14 Upgrade: Converting Assets Seamlessly on Cosmos
The Kava 14 upgrade has been launched, bringing ‘internal bridge’ technology to the blockchain. Here are the key points to know:
– Kava 14 deploys ‘internal bridge’ technology to convert native Cosmos assets to and from Ethereum’s ERC20 token standard.
– Tether has chosen Kava as the gateway for issuing native USDt on Cosmos.
– With Kava 14, USDt can now be minted and easily converted across various L1 networks, including Bitcoin (Omni & Liquid protocol), Ethereum, and TRON.
– Kava has already surpassed Polkadot and Near in terms of USDt issuance on Cosmos.
– Kucoin now supports Kava’s Cosmos and EVM networks, providing a reliable CEX for transactions within the ecosystem.
– Curve Finance’s USDt liquidity pool offers a decentralized alternative for experienced users.
– Stargate, an omnichain liquidity layer, is set to launch on Kava, anticipating increased usage and liquidity.
– The Kava 14 upgrade provides a safer and more reliable method for converting assets within the Cosmos ecosystem.
Follow @KAVA_CHAIN on Twitter for more information and updates on Kava 14’s mainnet launch.
About Kava
Kava is a lightning-fast Layer-1 blockchain that combines the power of Ethereum and the interoperability of Cosmos. It is a trusted choice for developers and users worldwide.
Disclaimer: This press release does not constitute an offer to buy or sell USDt or KAVA tokens.
Hot Take
The Kava 14 upgrade is a significant milestone for the Cosmos ecosystem, providing seamless asset conversion and unlocking the potential of the technology. With the support of Tether and the growing adoption by platforms like Kucoin and Curve Finance, Kava is gaining momentum and attracting developers and users alike. The future looks promising as the Kava Rise incentive fund expands and Stargate prepares to launch. Keep an eye on Kava as it continues to innovate and grow in the blockchain space.
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