{"id":52789,"date":"2023-06-21T08:39:22","date_gmt":"2023-06-21T12:39:22","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=52789"},"modified":"2023-06-22T06:05:41","modified_gmt":"2023-06-22T10:05:41","slug":"kava-blockchain-set-to-launch-biggest-stablecoin-globally","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/kava-blockchain-set-to-launch-biggest-stablecoin-globally\/","title":{"rendered":"Kava Blockchain Sets to Launch Biggest Stablecoin Globally"},"content":{"rendered":"\n

Tether Operations Limited has announced its intention to launch USDT tokens on the Kava blockchain, a 2018-founded layer-1 blockchain.<\/a><\/p>\n\n\n\n

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Kava Blockchain Set to Launch Biggest Stablecoin Globally<\/figcaption><\/figure>\n\n\n\n

Tether Operations Limited (Tether), the company behind the popular stablecoin, has announced its intention to launch USDT tokens on the Kava blockchain, a 2018-founded layer-1 blockchain.\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a> This action is intended to give the Kava community access to the world's first, most trusted, and most extensively used stablecoin.<\/p>\n\n\n\n

Now Available on Kava: USDT<\/h2>\n\n\n\n

Tether announced on its blog that Tether tokens (“USDT”) attached to the U.S. dollar would be launched on the scalable and fast Kava blockchain. Chief Technology Officer of Tether, Paolo Ardoino, expressed enthusiasm about the partnership, stating;<\/p>\n\n\n\n

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\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.\u201d<\/em><\/p>\n<\/blockquote>\n<\/div>\n<\/div>\n\n\n\n

Ardoino emphasized the significance of safeguarding USDT users by highlighting the Kava network's four-year track record of zero security incidents. Tether's decision to launch on the Kava platform bolsters its position as the market's dominant stablecoin.<\/use><\/svg><\/span><\/a><\/p>\n\n\n\n

Kava announced its “Kava 13” mainnet update last month, enhancing its infrastructure to provide users with enhanced security, scalability, functionality, and performance.<\/p>\n\n\n\n

What is the Stability of Stablecoin?<\/h3>\n\n\n\n

Tether has been at the forefront of the stablecoin concept, and its tokens are already circulating on various networks, including Ethereum, Solana, Algorand, EOS, Liquid Network, Omni, and Tron.<\/p>\n\n\n\n

Recent reports state that Tether Holdings Ltd., the issuer of USDT, once held Chinese company-issued securities as part of its reserves. Last week, CoinGape said that USDT dominated the stablecoin liquidity pool Curve 3pool. <\/p>\n\n\n\n

The unusual influx of USDT has sparked concerns about the stability of the stablecoin<\/use><\/svg><\/span><\/a> and prompted whales to sell off a substantial quantity of USDT tokens, resulting in a slight depeg.<\/p>\n\n\n\n

On May 12, 2022, Another report stated that the token is down 4.8% to 0.9508, its lowest level since the 2017 cryptocurrency collapse. With a market capitalization of $83 billion.<\/p>\n\n\n\n

USDT has the largest market capitalization, and its 24-hour trading volume has significantly increased. The volume has grown by 76.45% compared to yesterday, reaching $35 billion.<\/p>\n","protected":false},"excerpt":{"rendered":"

Tether Operations Limited has announced its intention to launch USDT tokens on the Kava blockchain, a 2018-founded layer-1 blockchain. Tether Operations Limited (Tether), the company behind the popular stablecoin, has announced its intention to launch USDT tokens on the Kava blockchain, a 2018-founded layer-1 blockchain. This action is intended to give the Kava community access […]<\/p>\n","protected":false},"author":53,"featured_media":52792,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[81],"tags":[14968,10530,6097,5850],"class_list":["post-52789","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-altcoin-news","tag-kava-2","tag-layer-1-blockchain","tag-stablecoin-2","tag-tether-2"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2023\/06\/kava.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/52789","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/53"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=52789"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/52789\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/52792"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=52789"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=52789"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=52789"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}