In a significant move to enhance stablecoin accessibility, the premier digital asset trading platform Bitfinex has officially enabled Tether (USDt) deposits and withdrawals on the Kaia blockchain. This integration leverages Kaia's high-throughput infrastructure to offer users faster and more cost-efficient transactions directly through their Bitfinex accounts, eliminating the need for external wallets.
Understanding the Kaia Blockchain Ecosystem
Kaia represents a major Layer-1 blockchain ecosystem, born from the merger of Klaytn and Finschia—two networks originally developed by the tech giants behind the popular messaging applications Kakao and LINE. This combined network boasts an impressive user base of approximately 250 million people.
A key innovation of Kaia is its integration of Mini Dapps within existing messaging platforms like LINE and KakaoTalk. This approach is designed to lower the barrier to entry, allowing everyday users to seamlessly access blockchain-based services and easing the transition into Web3 technologies.
The Strategic Importance of USDt on Kaia
Tether's USDt is the most widely adopted stablecoin globally, with a reported market capitalization exceeding $144 billion. It is pegged 1-to-1 with the US dollar, making it a cornerstone of liquidity and stability within the crypto markets.
By bringing USDt to Kaia, Bitfinex aims to bridge the gap between traditional digital asset trading and emerging Web3 ecosystems. This provides users with a direct channel to engage with a massive, tech-savvy community in Asia and beyond, using a stable and trusted digital dollar.
Anoush Bhasin, Head of Listings at Bitfinex, commented on the development: "Tether’s USDt stands as one of the most widely adopted stablecoins, and making it available on Kaia aligns with our mission to bring digital assets closer to everyday use. Our support of USDt on Kaia opens a direct channel for our customers to enjoy fast, cost-efficient transactions in an ecosystem built to welcome new users."
Expanding Multi-Chain Support for USDt
With this latest addition, Bitfinex significantly broadens its multi-chain support for Tether. Customers can now deposit USDt across 20 different blockchain networks and withdraw it across 15.
The extensive list of supported networks now includes:
- Algorand
- Avalanche
- Bitcoin Cash’s Simple Ledger Protocol (SLP)
- Ethereum
- EOS
- Liquid Network
- Omni
- Polygon
- Polygon zkEVM
- Tezos
- Tron
- Solana
- Polkadot
- Kusama
- The Near Network
- Kava
- Celo
- The Open Network
- Aptos
- Kaia (newly added)
Note: Support for deposits on the Kusama, Bitcoin Cash SLP, EOS, Algorand, and Omni Layer blockchains has been extended until September 1, 2025.
This expansive interoperability allows traders to move their stablecoin value across the vast crypto ecosystem with greater flexibility, choosing the network that best suits their needs for speed, cost, or specific application use. 👉 Explore more strategies for multi-chain transactions
How This Benefits Traders and Users
The integration offers tangible benefits for the Bitfinex user base:
- Reduced Transaction Costs: Kaia's efficient network is designed to keep gas fees low, making small and large transfers more economical.
- Faster Settlement Times: High throughput means transactions are confirmed quickly, improving the overall trading and transfer experience.
- Direct Access to Web3: Users can now easily move USDt into the growing Kaia ecosystem to interact with its wide array of decentralized applications (dApps), GameFi, and DeFi protocols directly from their exchange account.
- Enhanced Convenience: The ability to handle deposits and withdrawals without relying on separate, external wallets streamlines the user experience for both new and experienced participants in the digital asset space.
Frequently Asked Questions
What is the Kaia blockchain?
Kaia is a Layer-1 blockchain created from the merger of Klaytn and Finschia. It is designed to integrate seamlessly with popular messaging apps, offering a user-friendly gateway to Web3 services and applications for a massive audience.
Why is adding USDt to Kaia important?
Integrating the world's most popular stablecoin with a high-throughput, user-focused blockchain like Kaia significantly boosts practical utility. It provides a stable medium of exchange for a vast ecosystem, enabling everything from everyday payments to complex DeFi operations with minimal fees.
How do I deposit USDt on Kaia to my Bitfinex account?
Within your Bitfinex account, navigate to the deposit section for Tether (USDt) and select the Kaia network from the list of available options. The platform will provide you with a unique deposit address specific to the Kaia blockchain to which you can send your funds.
Are there any geographical restrictions for using Bitfinex?
Yes, all users of Bitfinex are subject to its Terms of Service. U.S. persons, among other prohibited persons, are strictly prohibited from directly or indirectly holding, owning, or operating an account on the platform.
What makes USDt a stablecoin?
USDt is pegged to the value of the US dollar on a 1-to-1 basis, with its reserves backstopping this value. This design is intended to minimize price volatility, making it a reliable digital dollar for trading, remittances, and as a safe-haven asset within crypto markets.
Which other blockchains support USDt on Bitfinex?
Beyond Kaia, Bitfinex supports USDt on a wide array of other major networks, including Ethereum, Tron, Solana, Polygon, Avalanche, and many others, offering users unparalleled flexibility.