The Asia-focused Layer 1 blockchain just lately built-in Tether’s USDT.
Layer 1 blockchain Kaia is considered one of this week’s top-performing altcoins, after its chairman introduced the upcoming itemizing of a Korean Gained stablecoin on the community.
The information comes only one month after Kaia launched USDT on its chain. The community’s KAIA token is up over 40% for the reason that X put up on June 8.
Sangmin Website positioning, the chairman of the Kaia Basis, posted, “Just as we onboarded native USDT on @KaiaChain, we will do our best to enable the issuance of a Korean Won (KRW) stablecoin on @KaiaChain as well. Kaia’s Stablecoin Summer is just beginning.”
The rally pushes KAIA’s market capitalization to $950 million, its highest valuation since February. Nevertheless, the token stays considerably beneath its all-time excessive of $0.39, set in December 2024.
Regardless of USDT’s massive presence in Asian markets, largely on account of Tron, the transfer signifies demand for blockchain integration with native currencies, such because the Gained, fairly than simply USD-denominated stablecoins.
Kaia, which launched its token in October 2024, is an Asia-focused EVM-compatible Layer 1 blockchain. It was created in 2024 via the merger of Klaytn (developed by Kakao in South Korea) and Finschia (developed by LINE in Japan). The community just lately raised an undisclosed quantity in a funding spherical led by 1kx and Blockchain Capital, with participation from funds corresponding to Galaxy Digital.
