{"id":21739,"date":"2023-06-21T15:19:49","date_gmt":"2023-06-21T15:19:49","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/kava-price-spikes-as-usdt-prepares-to-launch-on-kava-blockchain\/"},"modified":"2023-06-21T15:19:49","modified_gmt":"2023-06-21T15:19:49","slug":"kava-price-spikes-as-usdt-prepares-to-launch-on-kava-blockchain","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/kava-price-spikes-as-usdt-prepares-to-launch-on-kava-blockchain\/","title":{"rendered":"KAVA price spikes as USDT prepares to launch on Kava blockchain"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/06\/1687357966517-a2652597-31c3-4ecd-89cb-afc976356440-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/06\/1687357966517-a2652597-31c3-4ecd-89cb-afc976356440-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/06\/1687357966517-a2652597-31c3-4ecd-89cb-afc976356440-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/06\/1687357966517-a2652597-31c3-4ecd-89cb-afc976356440-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/>\n<\/picture>                    <\/div>\n<ul>\n<li>At press time, KAVA was trading at $0.9214, up 13.27% over the last 24 hours.<\/li>\n<li>The first Kava-based USDT will be released on July 3, 2023.<\/li>\n<li>Since Kava is built on Cosmos, the move will also make USDT liquidity to be available to Cosmos users.<\/li>\n<\/ul>\n<p>USDT stablecoin is scheduled to go live on the Kava blockchain in the coming month. This will make Kava the next blockchain supported by Tether Limited, the company that issues the biggest stablecoin USDT, according to an official announcement made by the company.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Tether USDt comes to the <a href=\"https:\/\/twitter.com\/hashtag\/Cosmos?src=hash&amp;ref_src=twsrc%5Etfw\">#Cosmos<\/a> ecosystem! We have chosen to deploy USDt on <a href=\"https:\/\/twitter.com\/KAVA_CHAIN?ref_src=twsrc%5Etfw\">@KAVA_CHAIN<\/a>, the gateway to the Cosmos ecosystem. USDt on KAVA is launching on July 3rd.<\/p>\n<p>Read more <a href=\"https:\/\/t.co\/myCkHhHHud\">https:\/\/t.co\/myCkHhHHud<\/a> <a href=\"https:\/\/t.co\/YQFgO5381m\">pic.twitter.com\/YQFgO5381m<\/a><\/p>\n<p>\u2014 Tether (@Tether_to) <a href=\"https:\/\/twitter.com\/Tether_to\/status\/1671445095965499393?ref_src=twsrc%5Etfw\">June 21, 2023<\/a><\/p>\n<\/blockquote>\n<p>The new release will allow the community of <a href=\"https:\/\/coinjournal.net\/cosmos\/what-is-cosmos\/\">Cosmos (ATOM)<\/a>, a cutting-edge cross-chain ecosystem, to access USDT liquidity. Kava, Cosmos\u2019 flagship network, recently underwent a significant upgrade.<\/p>\n<h2>Kava and Tether collaboration<\/h2>\n<p>Following the development, the Kava (KAVA) team emphasized that it combines the most impressive features of the Ethereum Virtual Machine (EVM) with Cosmos SDK\u2019s speed, low transaction fees, and interoperability. Kava released the Kava 13 upgrade to increase throughput and speed.<\/p>\n<p>The new release has Paolo Ardoino, CTO at <a href=\"https:\/\/coinjournal.net\/tether\/what-is-tether\/\">Tether<\/a>, excited and he believes it will be crucial to USDT\u2019s development and adoption of different liquidity solutions. Paolo said:<\/p>\n<p><em>\u201cWe\u2019re thrilled to be launching USD\u20ae on Kava, offering its strong community access to the world\u2019s 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 USD\u20ae users. Together, we aim to reshape the future of decentralized finance, fostering a robust and inclusive ecosystem that benefits users worldwide.\u201d<\/em><\/p>\n<p>Besides Kava, USDT has been launched on several other blockchains including <a href=\"https:\/\/coinjournal.net\/ethereum\/what-is-ethereum\/\">Ethereum<\/a>, Solana, Algorand, Tron, Eos, <a href=\"https:\/\/coinjournal.net\/near-protocol\/what-is-near-protocol\/\">Near Protocol<\/a>, and Avalanche blockchains as well as on Omni solutions and Liquid Network.<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/><a href=\"https:\/\/coinjournal.net\/news\/kava-price-spikes-as-usdt-prepares-to-launch-on-kava-blockchain\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News ) At press time, KAVA was trading at $0.9214, up 13.27% over the last 24 hours. The first Kava-based USDT will be released on July 3, 2023. Since Kava is built on Cosmos, the move will also make USDT liquidity to be available to [&hellip;]<\/p>\n","protected":false},"author":7,"featured_media":21740,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/21739"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=21739"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/21739\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/21740"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=21739"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=21739"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=21739"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}