ROAD TOWN, Tortola, British Virgin Islands – Bitfinex, a premier digital asset trading platform, has announced the integration of Tether tokens (USDt) deposits and withdrawals on the Kaia blockchain. This move leverages Kaia’s high throughput and efficient transaction capabilities, enabling users to manage stablecoins seamlessly without external wallets.
Kaia Blockchain: A Gateway to Mass Adoption
Kaia is a layer-1 blockchain ecosystem resulting from the merger of Klaytn and Finschia, originally developed by messaging giants Kakao and LINE. With a combined user base of 250 million, Kaia simplifies access to Web3 through Mini Dapps embedded in apps like LINE and KakaoTalk.
👉 Discover how Kaia transforms blockchain accessibility
Why USDt on Kaia Matters
Tether’s USDt, the most widely adopted stablecoin ($144B market cap), offers stability pegged 1:1 to the US dollar. Bitfinex’s support for USDt on Kaia provides users with:
- Fast, low-cost transactions
- Direct access to Kaia’s growing ecosystem
- Expanded interoperability across 20+ blockchains
"USDt on Kaia aligns with our mission to bridge digital assets and everyday utility," said Anoush Bhasin, Head of Listings at Bitfinex.
Supported Blockchains for USDt
Bitfinex now supports USDt across multiple networks, including:
- Ethereum, Solana, Tron
- Polygon, Avalanche, Near
- New addition: Kaia
(Deposits for Kusama, Bitcoin Cash SLP, EOS, Algorand, and Omni Layer are extended until 01/09/2025.)
FAQs
Q: How does Kaia enhance USDt usability?
A: Kaia’s integration enables faster transactions and lower fees, ideal for stablecoin transfers within messaging apps.
Q: Which blockchains support USDt withdrawals on Bitfinex?
A: Withdrawals are available on 15 blockchains, including Ethereum, Tron, and now Kaia.
Q: Is USDt stable?
A: Yes, USDt maintains a 1:1 peg to the US dollar, backed by reserves audited by Tether.
About Bitfinex
Founded in 2012, Bitfinex offers advanced trading tools, margin trading, and liquidity solutions for global traders.
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