ChainCatcher news, DWF Labs co-founder Andrei Grachev announced that the synthetic stablecoin project FalconStable has integrated with Kaia Chain, and the two parties will collaborate to provide sustainable and innovative stablecoin yield solutions for over 250 million Line users.

Altcoins are experiencing a general uptrend, with KAIA, HBAR, LINK, SAND, and ZEC prices all rising by over 20%, with KAIA showing the highest increase of 48.19%.

PANews June 9 news, KaiaChain Chairman Sam Seo stated on social media that following the launch of the native USDT, the team will fully promote the issuance of the Korean won (KRW) stablecoin on the Kaia Mainnet, claiming "The summer of Kaia's stablecoin has just begun." He also added that Kaia's predecessor Klaytn had participated in the Central Bank's CBDC project, laying the technical foundation for the stablecoin. Driven by this news, the KAIA token rose 17% in 24 hours, priced at 0.124 USD.

BlockBeats news, on May 7, according to official news, Tether announced that it has natively deployed its stablecoin USDT on the Kaia Blockchain.

Golden Finance reported that L1 blockchain Kaia (formerly Klaytn) will release Portal v1.2, adding incentive sections for multiple core DeFi pools (including KAIA&sKAIA, USD and KRW stablecoins, etc.), and increasing targeting FGP-23 at the $100 million TVL level.