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Tether’s USDT Launches on Kaia Blockchain, Expands Stablecoin Adoption in Asia
By: crypto news|2025/05/07 18:00:07
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Stablecoin issuer Tether has announced that it has deployed its native USDT stablecoin on Kaia blockchain, a Layer 1 network, launched in August 2024.Announced Wednesday, USDT will be integrated into Japanese messaging app LINE’s Mini Dapp platform and self-custodial wallet.“Tether’s stablecoin will power Mini Dapps and more, unlocking a new era of digital dollar utility across Asia,” Tether wrote on X.USD₮ is coming to Kaia — and with it, seamless digital dollar payments inside the LINE ecosystem.Tether’s stablecoin will power Mini Dapps and more, unlocking a new era of digital dollar utility across Asia. https://t.co/5qK2Y2yFyJ pic.twitter.com/7clHMlWNwg— Tether (@Tether_to) May 7, 2025With the launch of USDT on Kaia, LINE NEXT and Kaia Chain will expand stablecoin and Web3 adoption across Asia.“Users will be able to utilize USDT across Mini Dapps for in-app payments, cross-border transfers, and decentralized finance (DeFi) activities, all within the familiar LINE environment,” the official announcement, read.Further, Mini Dapps will include features powered by the stablecoin, offering users “a seamless digital asset experience within LINE Messenger.”Tether Taps LINE’s 196 Million Active User Base with USDT IntegrationThe initiative will enable users to receive rewards in USDT by completing several missions within Mini Dapps. Further, users can send and receive the dollar-pegged stablecoin directly through the in-app wallet on LINE Messenger, the release noted.“Tether’s native launch on Kaia is another step toward making stablecoins accessible to millions of mainstream users,” said Paolo Ardoino, Tether’s CEO.“Through LINE NEXT’s blockchain infrastructure, over 200 million LINE users will now have a straightforward way to engage with digital assets in everyday life.”The adoption will help establish a “dollar-based gateway” in Asia, claims Youngsu Ko, CEO of LINE NEXT.Tether Consistently Mints New TokensThe integration comes days after Tether minted $1 billion USDT on May 5, on the Tron network. The minting of new tokens brings the total USDT on Tron to $71.4 billion, the company report said.ARKHAM ALERT: $1,000,000,000 USDT MINTED JUST NOW pic.twitter.com/h2JTETn8QM— Arkham (@arkham) May 5, 2025Further, the crypto firm reported a $1 billion operating profit in Q1 2025, driven by strong returns on its U.S. Treasury holdings. There is already $72.8 billion USDT on the Ethereum network.The post Tether’s USDT Launches on Kaia Blockchain, Expands Stablecoin Adoption in Asia appeared first on Cryptonews.
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