Bitget will support the USDT blockchain using Kava

Bitget will support the USDT blockchain using Kava

The leading cryptocurrency derivatives and copy trading platform Bitget is delighted to be the first in the sector to announce that it now supports the deposit and withdrawal of Tether tokens (USDT) tied to the US dollar on the Kava blockchain. By utilizing the cutting-edge capabilities of the Kava network, this integration seeks to give Bitget’s devoted community access to the most extensively used stablecoin in the entire globe.

The latest platform to introduce USDT is Kava, a layer-1 blockchain recognized for its scalability and speed, according to Tether, the business running the blockchain-enabled portal The co-chain architecture of the 2018-founded Kava network, which combines the speed, low transaction costs, and interoperability of the Cosmos software development kit with the adaptability of the Ethereum virtual machine, sets it apart from other networks. Users can take advantage of Cosmos’ “zones” functionality in the Kava protocol thanks to this novel architecture. The “Kava 13” mainnet update from Kava, which improves security, scalability, functionality, and speed, was just launched successfully.

“We are thrilled to support the integration of USDT on the Kava blockchain, granting our users access to the world’s most trusted stablecoin,” said Gracy Chen, Managing Director of Bitget. “Kava is the right platform to defend the interests of USD users thanks to its distinctive blockchain architecture and impressive track record of four years with no security issues. We hope to redefine the future of decentralized finance with Tether and create a welcoming ecosystem that benefits users everywhere.”

By becoming the first exchange to implement this upgrade, Bitget further demonstrates its dedication to developing its cryptocurrency ecosystem and giving consumers a wide variety of trading alternatives. The addition of KAVA-USDT brings the total number of supported chains on the platform to nine, including TRX, ETH, BSC, HT, Arbitrum One, SOL, Optimism, MATIC, and AVAX-C. Bitget’s choice to accept USDT deposits and withdrawals across several chains is evidence of the platform’s ongoing efforts to remain ahead of market trends and satisfy the changing needs of its user base.

Bitget strives to innovate and broaden its product offerings outside of derivatives as a top-tier cryptocurrency platform for derivatives. The addition of USDT Tether support on Kava gives Bitget’s trading ecosystem a another layer of reliability and accessibility, improving the entire trading experience for its customers. The foundation of Bitget’s purpose continues to be the commitment to provide smooth, secure, and user-centric services.

Source: PRNewswire

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