Kava 14 upgrade: Expanding the Cosmos Ecosystem

The Kava 14 upgrade introduces an 'internal bridge" bringing Ethereum & Cosmos together. With Kava 14, USDt can now be minted and easily converted on Cosmos, facilitating tx across L1 networks.

Kava, a Layer-1 blockchain combining the power of Ethereum and the interoperability of Cosmos, has launched the Kava 14 upgrade. This upgrade introduces 'internal bridge' technology, enabling seamless conversion of native Cosmos assets to and from Ethereum's ERC20 token standard.

Kava 14 is a significant milestone, with one of its highlights being the recent decision by Tether 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, facilitating transactions across various L1 networks.

The integration of Tether on Kava has already gained momentum, surpassing USDt issuance on Polkadot and Near combined within the first few days. This highlights the demand for USDt on the interchain and the potential of Kava's native stablecoin.

Kava's Co-Founder, Scott Stuart, believes that the Kava 14 upgrade and the native stablecoin's safe and reliable cross-chain conversion will unlock the incredible potential of the Cosmos ecosystem.

Kava's momentum continues to grow as Kucoin announces support for 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. This enhances liquidity options within the Cosmos ecosystem.

Stargate, a top omnichain liquidity layer, is set to launch on Kava, anticipating increased usage and liquidity. This expansion follows a governance proposal to widen the scope of the Kava Rise incentive fund.

The Kava 14 upgrade is a significant leap forward for Cosmos DeFi builders and users, providing a safer, more secure, and reliable method for converting assets within the Cosmos ecosystem.

Keep an eye on Kava as it continues to unlock the potential of the Cosmos ecosystem. Follow @KAVA_CHAIN on Twitter for more information and updates on the Kava 14 mainnet launch. Exciting times ahead for Cosmos and Kava! 🚀