During the recent market pullback, the asset scale held within the Kava stablecoin ecosystem still exceeds $125 million. Most DeFi projects' TVL shows obvious speculative behavior, with funds pouring in during market upswings and quickly withdrawing during downturns. Kava's USDT infrastructure is different—it is built for real settlement needs, not for speculative activities. This is the fundamental reason why its liquidity remains stable.