Kaia is a layer-1 blockchain ecosystem formed from the merger of Klaytn and Finschia, two networks originally developed by messaging giants Kakao and LINE, which together serve a user base of approximately 250 million people. Kaia’s approach to integrating Mini Dapps within messaging apps such as LINE and KakaoTalk is designed to help everyday users easier access to blockchain-based services, and to ease a transition into Web3 technologies.
“Tether’s USDt stands as one of the most widely adopted stablecoins, and making it available on Kaia aligns with our mission to bring digital assets closer to everyday use,” said Anoush Bhasin, Head of Listings at Bitfinex. “Our support of USDt on Kaia opens a direct channel for our customers to enjoy fast, cost-efficient transactions in an ecosystem built to welcome new users.”
Tether’s USDt is the first and most widely used stablecoin on the market, reporting a market capitalisation of over $144 billion. Pegged 1-to-1 to the US dollar, it is designed to maintain a stable value and has become a core component of crypto markets.
Following this latest integration, Bitfinex customers are now able to deposit USDt across 20 blockchains and withdraw USDt across 15 blockchains*. This includes Algorand, Avalanche, Bitcoin Cash’s Simple Ledger Protocol (SLP), Ethereum, EOS, Liquid Network, Omni, Polygon, Polygon zkEVM, Tezos, Tron, Solana, Polkadot, Kusama, the Near Network, Kava, Celo, The Open Network, Aptos and now, Kaia.
*Deposits of USDt on Kusama, Bitcoin Cash SLP, EOS, Algorand and Omni Layer blockchains have been extended until 01/09/2025. See the full announcement here.
To learn more, customers can visit https://www.bitfinex.com/.
*All users of www.bitfinex.com are subject to Bitfinex’s terms of service (“TOS”). Please note that U.S. persons (as defined in the TOS), among other prohibited persons (as defined in the TOS), are strictly prohibited from directly or indirectly holding, owning or operating an Account (as defined in the TOS) on www.bitfinex.com.
About Bitfinex
Founded in 2012, Bitfinex is a digital token trading platform offering state-of-the-art services for traders and global liquidity providers. In addition to a suite of advanced trading features and charting tools, Bitfinex provides access to peer-to-peer financing, an OTC market and margin trading for a wide selection of digital tokens. Bitfinex’s strategy focuses on providing unparalleled support, tools, and innovation for experienced traders and liquidity providers around the world. Visit www.bitfinex.com to learn more.
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