Tether Joins Forces With Kava: A New Era For Stablecoins And Scalable Blockchains
Portfolio Pulse from Murtuza Merchant
Tether Operations Limited has announced the launch of its US dollar-pegged stablecoin Tether (CRYPTO: USDT) on the Kava (CRYPTO: KAVA) blockchain. Kava's unique co-chain design and scalability make this a significant addition for Tether. Tether's market capitalization recently reached $83.5 billion, showcasing its increasing dominance over its primary rival, USD Coin (CRYPTO: USDC), which has a market cap of $28 billion.
June 21, 2023 | 2:13 pm
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POSITIVE IMPACT
Tether's launch on the Kava blockchain could increase the adoption and usage of Kava's platform.
The addition of Tether, a major stablecoin, to the Kava blockchain could attract more users to the platform, increasing its adoption and usage. This partnership may also enhance Kava's reputation and credibility in the blockchain and cryptocurrency space.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Tether's launch on the Kava blockchain could boost its adoption and strengthen its dominance over rival USD Coin.
Tether's launch on the Kava blockchain, known for its scalability and speed, could attract more users and increase its adoption. This move may further strengthen Tether's dominance over its primary rival, USD Coin, as it continues to grow its market capitalization.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100