Injective Chooses Kava Native USDT for Perps Trading – Blockchain News, Opinion, TV & Jobs

adminDecember 3, 2023

Injective, a Cosmos Layer-1 blockchain designed to power next-generation DeFi applications, has chosen Kava Chain’s native USDT for Perps trading. The Kava Chain is a secure, ultra-fast layer 1 blockchain that combines the developer power of Ethereum with the speed and interoperability of Cosmos.

This collaboration is poised to deliver significant benefits to users of both platforms, signaling that this innovative partnership is poised to reshape the DeFi world. The integration of Kava Chain’s capabilities with Injective’s innovative DeFi technology is set to deliver a variety of benefits to both platforms, including enhanced trading opportunities, improved liquidity, and cross-chain flexibility.

“The introduction of reliable asset interoperability is a great addition to the Injective ecosystem. USDT is a cornerstone of the broader cryptocurrency industry, and Kava’s expansion of its USDT offering marks a major milestone for the community,” said Eric Chen, co-founder and CEO of Injective Labs.

Kava Chain’s default selection of USDT for Perps Trading exemplifies the mutual benefits this partnership brings, giving users the best of both worlds and enriching the DeFi experience for traders, investors, and developers alike. Together, they are poised to reshape the possibilities of the decentralized finance sector.

“We are very excited that Injective has chosen Kava Chains native USDt for illicit transactions. This partnership with Injective demonstrates our commitment to fostering innovation and access within DeFi. We’re excited to provide our users with the powerful tools and capabilities that Injective offers,” said Scott Stuart, co-founder and CEO of Kava Labs.

Tether’s decision to natively integrate USDt into Cosmos using the Kava chain as a hub in July 2023 has since brought accessibility and financial stability to users and developers within the Cosmos ecosystem. After Osmosis, Injective is a second tier-1 Cosmos protocol that adopts Kava’s own minted USDt, simplifying the process and providing a streamlined and efficient mechanism for providing and transferring stablecoin liquidity between the Cosmos and Ethereum ecosystems.

To learn more about Injective and Kava Chain and their benefits, visit their websites.

Introduction to Kava

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

About participles

Injective is an ultra-fast, interoperable layer 1 blockchain optimized for building best Web3 financial applications. Injective provides developers with powerful plug-and-play modules to create the best dApps. INJ is the fundamental asset that powers Injective and its rapidly growing ecosystem. Injective was incubated by Binance and is backed by prominent investors such as Jump Crypto, Pantera, and Mark Cuban.