Kava, a Layer 1 blockchain that merges the capabilities of Ethereum developers with the speed and interoperability of Cosmos, has introduced the Kava 14 upgrade. This enhancement employs 'internal bridge' technology to smoothly transition native Cosmos assets to and from Ethereum's ERC-20 token standard.

This advancement marks a significant stride for Cosmos DeFi builders and users, offering a more secure, reliable, and efficient method for asset transfer within the Cosmos ecosystem. In July, Tether and Kucoin began supporting Kava's Cosmos network and EVM, providing a reliable CEX for user transactions within the Cosmos ecosystem. Concurrently, the launch of Curve Finance's USDt liquidity pool provides a decentralized alternative for seasoned users. Stargate, the top liquidity layer of the multi-chain, is poised to launch on Kava, predicting increased usage and liquidity.

Unlike third-party external bridging solutions that generate fragmented pools of wrapped assets, the launch of Kava 14 allows USDt issued natively on Kava to be portable between IBC and EVM chains through an 'internal bridge.' This bridge has strict access controls and restrictions that significantly mitigate vector attacks. Kava facilitates the rapid and highly secure movement of assets across chains, providing users with an efficient mechanism for stablecoin liquidity provision and transfer.

This integration has the potential to stimulate a significant expansion of the DeFi economy on Cosmos, offering an appealing solution to the liquidity problem that has been challenging since Terra's UST collapsed in Q1 2022. The deployment of Tether, a stablecoin with a strong market reputation and ~65% dominance, will also enhance security and reliability for users and developers alike.

Kava is a secure, lightning-fast Layer 1 blockchain that combines the developer power of Ethereum with the speed and interoperability of Cosmos in a single, scalable network. Kava is the trusted choice for developers and users worldwide and is committed to driving innovation and growth.