Tezer launches his stablecoin on the Kava blockchain

The Tether organization, which issues a stable USDT coin, announced the addition of L1 Kava support. It is located in the ecosystem of the Cosmos platform.

When is the launch planned?

It is planned to launch the coin in the new crypto network on July 3 of this year. Note that this blockchain started working in 2018. According to the statement, it combines EVM flexibility and speed. At the same time, it has low transaction fees and is functionally compatible with the Cosmos SDK blockchain. The latter is a set of tools that are used for development in the crypto network.

The company's technical director stated that Kava is a unique and widely used blockchain. It has a reliable four-year history. At the same time, she had problems with cybersecurity. This is especially important to protect the users of the stablecoin.

Note that a stable coin has been added to several crypto networks. These include Solana, Ethereum, Algorand, Avalanche, Tron, etc. The capitalization of the stablecoin exceeds $ 83 billion. In June, historical highs in the price were updated.

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