Tether (USDT) annoncéiert Expansioun op Kava, CTO lueft Blockchain Sécherheetsniveau

The largest stablecoin issuer in the world is announcing its expansion ontp Kava (KAVA), an interoperable layer-1 blockchain.

In a new press release, Tether (USDT) says that its dollar-pegged crypto asset will be launching over the Kava network, sending the decentralized finance (DeFi) platform’s price skyrocketing.

KAVA is trading for $0.934 at time of writing, a significant 12.9% increase during the last 24 hours.

Paolo Ardonio, the chief technology officer (CTO) of Tether, commended the network’s security in the press release.

“We’re thrilled to be launching USDT on Kava, offering its strong community access to the world’s first, most stable, most trusted, and most widely used stablecoin. The Kava network is a unique and widely followed blockchain with a robust track record of four years with zero security issues, which is essential to protecting USDT users.

Together, we aim to reshape the future of decentralized finance, fostering a robust and inclusive ecosystem that benefits users worldwide.”

Besides Kava, USDT currently operates on Ethereum (ETH), Polkadot (DOT), Solana (SOL), TRON (TRX), and the BNB Chain.

Last week, Tether addressed reports that it once held Chinese securities after its disclosures were made public as part of a plea settlement with the New York Attorney General (NYAG) who accused the firm of not responsibly backing the reserves of its stablecoin.

Verpasst net e Beat - Abonnéiert Iech fir E-Mail Alarmer direkt an Är Inbox geliwwert ze kréien

Check Präis Action

Follegt eis op Twitter, Facebook an Telegramm

Surft Den Daily Hodl Mix

Préift Neiegkeeten Headlines

 

Disclaimer: Meenungen ausgedréckt am The Daily Hodl sinn net Investitiounsberodung. D'Investisseure sollten hir Due Diligence maachen ier se héich riskéiert Investitiounen an Bitcoin, cryptocurrency oder digital Verméige maachen. Gitt u Berodung datt Är Transferen an Trades op Ären eegene Risiko sinn, an all Verloscht déi Dir leet, ass Är Verantwortung. Den Daily Hodl empfeelt net de Kaf oder de Verkaf vu Krypto-Währungen oder digital Verméigen, an och ass den Daily Hodl keen Investitiounsberoder. W.e.g. notéiert datt den Daily Hodl am Partnermarketing matmaacht.

Featured Image: Shutterstock/SVPanteon