Layer 1 blockchain Kaia is one in all this week’s top-performing altcoins, after its chairman introduced the approaching 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% because the X put up on June 8.
Sangmin Search engine optimization, the chairman of the Kaia Basis, posted, “Simply as we onboarded native USDT on @KaiaChain, we are going to do our greatest to allow the issuance of a Korean Gained (KRW) stablecoin on @KaiaChain as effectively. Kaia’s Stablecoin Summer season is simply starting.”
KAIA Chart – CoinGecko
The rally pushes KAIA’s market capitalization to $950 million, its highest valuation since February. Nevertheless, the token stays considerably under its all-time excessive of $0.39, set in December 2024.
Regardless of USDT’s massive presence in Asian markets, largely as a result of Tron, the transfer signifies demand for blockchain integration with native currencies, such because the Gained, quite 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 reminiscent of Galaxy Digital.
