DWF Labs-Backed Stablecoin Venture, Falcon Stable of USDF, is integrated in Kaia chain, according to DWF Labs CEO Andrei Grachev.
In a recent position, DWF Labs CEO and head of Falconstable, Andrei Grachev announced that the Stablecoin supported by USD is fully integrated into the Kaia (Kaia) chain. The partnership enables the synthetic stablecoin to be embedded via Kaia in the Line Messenger ecosystem.
“Together we bring sustainable and innovative stablecoin output solutions for more than 250 million line users buzzl!” said Grachev in his recent post.
By integrating USDF into KAIA chain, line users have access to the Stablecoin and earn passive yield from the product used, SUSDF.
Falcon Stable is a Stablecoin company founded by DWF Labs’ Falcon Financial. Falcon Stable is the synthetic stablecoin protocol of the DWF Labs with which users can be a yielding US dollar-driven token called USDF mint.
Unlike most Stablecoins, Falcon’s USDF allows users to deposit various digital assets, such as other stablecoins such as USD Coin (USDC) and Tether (USDT), large tokens such as Bitcoin (BTC) and ETH (ETH) and even cut realistic assocol in the protocol. These different assets are then used as collateral for Mint USDF.
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The Stablecoin also offers yields for holders who use Minted USDF. Mint-usdf can be used to receive SUSDF, an interest-bearing version that yields yield with an APY that has surpassed 22%. At the time of the press, the Stablecoin has built up a market capitalization of almost $ 560 million and a trade volume of 24 hours of more than $ 1.7 million.
Kaia Chain serves as the most important web3 infrastructure for the message platform, line. Kaia nourishes the mini DAPP and DAPP portal within the Message -app from Line, so that users can seamless access to and communicate with decentralized applications without the need for web3 onboarding.
Line is a message platform that is popular with East Asians, with a user base of more than 250 million registered people.
In August last year, Line started diving in Web3 with the integration of mini -Dapps powered by Kaia Blockchain. The Kaia DLT Foundation is an independent body born of the merger of two prominent blockchain projects, from Line and South Korean Tech -Gigant Kakao. The blockchain combines Line’s Finschia Blockchain and Kakao’s Klaytn Blockchain.
Read more: Line Messenger to introduce mini Dapps via Kaia Blockchain
Credit : cryptonews.net
