Bitfinex launches a tether (USDT) deposit and withdrawal to Kaia

May 8th Bitfinex launches a tether (USDT) deposit and withdrawal to Kaia

Road Town, Tortola, British Virgin Islands – March 8, 2025 – Bitfinex (https://www.bitfinex.com), a premier digital asset trading platform, today announced that customers can deposit Tether Tokens (USDT) with Kaia and withdraw it. By integrating USDT with Kaia, Bitfinex aims to take advantage of the high-throughput and efficient transaction capabilities of the blockchain, providing users with a seamless experience for sending and receiving stubcoins without relying on external wallets.

Kaia is a Layer-1 blockchain ecosystem formed from the merger of Klaytn and Finschia. This is two networks originally developed by Messaging Giants Kakao and Line, which will help a user base of around 250 million people. Kaia’s approach to integrating mini-Dapps into messaging apps such as Line and Kakaotalk is designed to make it easier for daily users to access blockchain-based services and migrate to Web3 technology.

“Tether’s USDT is one of the most widely adopted stub coins and is available on Kaia, consistent with its mission to bring digital assets closer to everyday use,” he said. Anoush Bhasin, Bitfinex listing manager. “USDT support at KAIA opens up a direct channel for customers to enjoy fast, cost-effective transactions in an ecosystem built to welcome new users.”

Tether’s USDT is the first widely used Stablecoin on the market, reporting a market capitalization of over $144 billion. It is 1:1 fixed in the US dollar, and is designed to maintain stable value, making it a core component of the crypto market.

Following this latest integration, Bitfinex customers can deposit USDT on 20 blockchains and withdraw USDT on 15 blockchains*. These include Algorand, Avalanche, Bitcoin Cash Simple Ledger Protocol (SLP), Ethereum, EOS, Liquid Network, Omni, Polygon, PolygonZkevm, Tezos, Tron, Solana, Polkadot, Kusama, Near Network, Kava, Celo, The Open Network, Aptos, and Kaia.

*Deposits for USDT for Kusama, Bitcoin Cash SLP, EOS, Algorand and Omni tier blockchains have been extended until 01/09/2025. Check out the full announcement here.

For more information, customers can visit https://www.bitfinex.com/.

*All users of www.bitfinex.com are subject to Bitfinex Terms of Service (“TOS”). Please note that among other prohibited persons (as defined in TOS), US people (as defined in TOS) are strictly prohibited from directly or indirectly retaining, owning or operating their www.bitfinex.com account (as defined in TOS).

About Bitfinex

Founded in 2012, Bitfinex is a digital token trading platform that provides cutting-edge services for traders and global liquidity providers. In addition to a range of advanced trading capabilities and charting tools, Bitfinex offers access to peer-to-peer financing, the OTC market and margin trading for a wide selection of digital tokens. Bitfinex’s strategy focuses on providing unparalleled support, tools and innovation to experienced traders and liquidity providers around the world. For more information, please visit www.bitfinex.com.

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