Cayman Islands, George Town, 12th July 2023, Chainwire

Hippopotamus, a Layer 1 blockchain that combines the development power of Ethereum with the speed and interoperability of Cosmos, has launched its Kava 14 upgrade. This upgrade introduces an “internal bridge” technology that provides a seamless conversion between native Cosmos assets and Ethereum’s ERC20 token standard.

Kava 14 is one of a series of milestones in the making. In early July, Tether announced its decision to make Kava the gateway for issuing native USDt on Cosmos. With the release of Kava 14, USDt was minted and can be easily converted on Cosmos. You can now convert every other L1 to USDt or from USDt to USDt using native USDt including Bitcoin (Omni & Liquid Protocol), Ethereum, TRON network and more.

“In the first few days after Kava launched its formal Tether integration, more USDt was issued in Cosmos than Polkadot and Near combined,” said Kava co-founder Scott Stuart. . “It is clear that people want USDt on interchain. We are optimistic that getting high way will eventually unlock the amazing technology that the Cosmos ecosystem has built.”

hippopotamus gains momentum

Following Tether’s July announcement, Kucoin will support Kava’s Cosmos and EVM networks, providing a reliable CEX for user transactions within the Cosmos ecosystem. Meanwhile, the launch of Curve Finance’s USDt liquidity pool offers a decentralized alternative for experienced users. In parallel, Omnichain’s top liquidity layer, Stargate, is set to launch on his Kava, which is expected to increase usage and liquidity. The expansion follows a governance proposal that plans to expand the scope of the Kava Rise incentive fund.

The Kava 14 upgrade is a breakthrough for Cosmos DeFi builders and users, providing a more secure and reliable way to convert assets to and from the Cosmos ecosystem.

follow @KAVA_CHAIN Follow us on Twitter for more details and updates regarding the mainnet launch of Kava 14.

About hippopotamus

Hippopotamus is a secure, ultra-fast Layer 1 blockchain that combines the development power of Ethereum with the speed and interoperability of Cosmos in a single scalable network. Committed to fostering innovation and growth, Kava is the trusted choice for developers and users around the world.

Follow Kava for more updates twitter.

Disclaimer

This press release is not an offer to sell or a solicitation of an offer to buy USDt or KAVA tokens.

contact

media manager
Guillermo Carandini
Hippopotamus
[email protected]

By Jules

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