Tether placed the flagship of Stablecoin, USDT, at Kaia Blockchain as part of a broader collaboration with Line Next, the web3 line of the line, the popular Japanese messaging platform with nearly 200 million monthly active users.
Integration means USDT (USDT) will now support the entire Messenger based on Messenger DAPP ecosystem and Self-Customial Wallet, which enables users to socialize Stablecoins Within an interface they are already using day -day, tether Says In a announcement of May 7.
Line users can use USDT for in-app payments, cross-border shifts and decentralized financial activity (DEFI).
“With the blockchain infrastructure of the line next, more than 200 million line users will have a straight way to engage in digital assets in the day -to -day life,” said Tether CEO Paolo Ardoino, added:
“Tether’s expansion of Kaia emphasizes its commitment to strengthening the stablecoin adoption throughout Asia and beyond.”
Related: Tether AI platform to support payments to Bitcoin and USDT, CEO says
Line users to move USDT by in-app wallet
The initial features include rewards based on the USDT mission within mini dapps and peer-to-peer transfers of USDT through the in-app wallet of the line. Future additions can expand stablecoin operating to the other layers of the app.
Kaia Blockchain, enabled by the Mini Dapps of the line, offers low-lattency and urgent transactions, making it a powerful partner for Stablecoin activity, according to Kaia DLT Foundation Chair Sam Seo.
SEO added that this partnership aims to bring the “fastest, easiest, and reliable” USDT experience to users throughout the platforms such as Line, Defi Apps, and centralized exchanges.
The next CEO line My Youngsu also claims that the integration of Stablecoin will help create a “dollar-based” gateway “for users, which makes the web3 services more practical and accessible for daily regional consumers.
Tether’s USDT is the largest stablecoin in terms of market capitalization, with a circulating -switch supply of more than 149.4 billion tokens, according to data from CoinMarketCap.
The Stablecoin Issuer continues to hold new tokens. On May 5, Tether Minted another $ 1 billion USDT on the Tron network, which brings a total USDT to the Tron at $ 71.4 billion.
In comparison, there is a current of $ 72.8 billion USDT transferring to the Ethereum network.
On May 6, Tether announced a cooperation with the chainalysis That will include compliance with the company’s compliance and monitoring on the Tether’s tokenization platform. The move came amid expanding administration throughout the crypto industry.
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