- Tether launches USDT on Kaia blockchain to enable stablecoin use within LINE’s mini DApp ecosystem and cross-border transactions.
- LINE’s 196M+ users can now access USDT rewards, P2P payments, and DeFi apps via Kaia blockchain’s fast and scalable infrastructure.
- Tether’s USDT integration with Kaia marks a major step in expanding stablecoin adoption across Asia’s consumer platforms and messaging apps.
Tether has announced that USDT stablecoin is now live on Kaia, a blockchain jointly operated by Tether’s parent company, Bitfinex, and Web3 division of Japan’s LINE Corporation (LINE NEXT). The aim is to ensure greater reach for USDT, including within LINE’s ecosystem, embedding it in its mini DApp platform and wallet.
With the inclusion of USDT natively on its Kaia blockchain, LINE will now support USDT transactions. The integration allows users to send and receive USDT on the Line app for cross-border transfers and interact DeFi platforms.
LINE has USDT integration to improve LINE’s Min DApp ecosystem.
The use of USDT will enable new functions in LINE’s messenger-based mini-dapp ecosystem. These decentralized applications running within the LINE messaging interface will now include a stablecoin payment capability. Users can use mission-based USDT rewards and peer-to-peer transfers through its in-app self-custody wallet.
In addition, Tether noted that this is part of its overall goal to increase the use of stablecoins in Asia. The integration gives access to a large user base of more than 196 million monthly active users, which helps lower the entry barriers to stablecoin usage.
The Kaia Blockchain Supports Scalable Stablecoin Transactions
Kaia blockchain seeks to offer high-speed, low-latency transactions and immediate functionality for stablecoin activities. According to the Kaia DLT Foundation, the blockchain’s technology advantages are suited to stablecoin applications, especially those facing consumers such as LINE.
Sam Seo, chair of the Kaia DLT Foundation, stated that the collaboration will enable reliable and seamless USDT usage on various services, including centralized exchanges and DeFi platforms. Transaction efficiency and user accessibility have been the focus so far in maximizing the usage of integrated applications.
Tether Expands its Token Supply, as well as its Global Adoption Strategy
Tether’s move to launch USDT on the Kaia blockchain is part of further efforts to expand its token supply and platform reach. However, the USDT volume on Ethereum remains the highest, at $72.8 billion.
As of early May, the total supply of tokens in the USDT stablecoin exceeds 149.4 billion, making it the largest stablecoin by market cap, CoinMarketCap reports. As part of Tether’s strategy to expand USDT’s presence in Asia, specifically within consumer platforms, the collaboration with LINE NEXT and Kaia Foundation is a first step.
Future Outlook
LINE’s integration of USDT into its ecosystem is a first step towards mainstream stablecoin integration into consumer use in Asia. Using the infrastructure of Kaia blockchain and LINE’s user base, Tether aims to bring digital assets into daily transactions such as DeFi, cross-border transactions, and in-app activities.
