Based on Andrei Grachev, CEO of DWF Labs, DWF Labs-backed Stablecoin Enterprise, Falcon Steady or USDF are built-in into the Kaia chain.
DWF Labs CEO and Head of FalconStable, in a latest submit, Andrei Grachev introduced that USD-backed Stablecoin has been totally built-in into the Kaia (Kaia) chain. This partnership permits artificial stubcoins to be embedded into the Line Messenger ecosystem by way of KAIA.
“Collectively we’ll present sustainable and revolutionary Stablecoin Lead Options for over 250 million line customers Buidl!” stated Grachev in his latest submit.
By integrating USDF into the Kaia chain, Line customers can entry Stablecoin and earn passive yields from SUSDF's SUSDF.
Falcon Steady is a Stablecoin enterprise based by Falcon Monetary of DWF Labs. Falcon Steady is an artificial Stablecoin protocol from DWF Labs that permits customers to mint yielding US greenback peg tokens referred to as USDF.
Not like most Stablecoins, Falcon's USDF permits customers to deposit quite a lot of digital property, together with different Stablecoins reminiscent of USDcoins (USDC) and Tether (USDT), in addition to main tokens reminiscent of Bitcoin (BTC) and ETH (ETH). These completely different property are used as collateral for Mint USDF.
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Stablecoin additionally gives yields to house owners who constructed the USDF. The created USDF bets to obtain SUSDF, the model with curiosity that yields yields at APYs above 22%. On the time of urgent, Stablecoin accrued a market capitalization of practically $560 million and a 24-hour buying and selling quantity of over $1.7 million.
Kaia Chain serves as the principle Web3 infrastructure for messaging platform Line. Kaia options Mini Dapp and Dapp portals inside Line's messaging app, permitting customers to seamlessly entry and work together with distributed purposes with out the necessity for Web3 onboarding.
Line is a well-liked messaging platform amongst East Asians, with a consumer base of over 250 million registered.
Final August, the road started diving into Web3 with an integration with Mini Dapps geared up with Kaia Blockchain. The Kaia DLT Basis is an unbiased establishment born from the merger of two outstanding blockchain tasks from Line and South Korean know-how big Cacao. The blockchain combines the Line's Finschia blockchain with Kakao's Klaytn blockchain.
learn extra: Line Messenger and showcase Mini Dapps by way of Kaia Blockchain
