2023-11-3 00:04 |
Injective, a Layer-1 blockchain, announced today it has selected the Kava Chain’s Native USDt for its Perps trading.
According to Injective, this partnership is aimed at bringing significant benefits to users while reshaping the DeFI space. The Kava Chain is a lightning-fast and secure layer 1 blockchain that combines the interoperability and speed of Cosmos and Ethereum developer power for a better user experience.
Through this collaboration, users on both platforms will enjoy numerous benefits, including enhanced trading opportunities, cross-chain flexibility, and improved liquidity.
Commenting on the development, Eric Chen, Co-Founder and CEO of Injective Labs, stated:
“The introduction of stable asset interoperability is a major boon for the Injective ecosystem. USDT stands as a cornerstone within the broader crypto industry, and the extension of Kava’s USDT offering will serve as a major milestone for the community,”
Scott Stuart, Co-Founder and CEO of Kava Labs, also expressed his excitement about the collaboration, pointing out the possible user benefits. Notably, using Kava Chain’s native USDt for Perps Trading is targeted to provide users with the best of both worlds.
Injective, dubbed the blockchain built for finance, becomes the second tier-1 Cosmos protocol to adopt USDt after Osmosis. USDt was introduced earlier in July 2023 after Tether decided to integrate USDt natively on Cosmos using Kava Chain as a hub since the users and developers have been enjoying accessibility and financial stability within the Cosmos ecosystem.
Injective was created to create a truly free and inclusive financial system through decentralization. The team behind the project has managed to create the fastest blockchain built for finance and plug-and-play Web3 modules. Overall, the Injective’s ecosystem is designed to reshape a broken financial system with dApps that are scalable, highly interoperable, and truly decentralized.
Recently, Injective introduced Injective Nexus, blockchain data integration into Google Cloud BigQuery. The Injective Nexus was introduced to enable core chain data from injective to be shared with the broader mainstream world.
Harnessing from two blockchains, Kava has positioned itself as a single scalable network committed to fostering growth and innovation. Kava’s unique architecture has enabled the free flow of assets, users, and projects into the Kava Ecosystem.
For more updates, follow Kava Chain on X.
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