While Kaia DeFi TVL is only about 14.13% of Cardano, it's noteworthy that Kaia officially integrated USDT this past May.
- Cardano TVL: $368.87m
- Kaia TVL: $52.11m
Although the specifics of Kaia's negotiations with Tether are unknown, the news itself has certainly captured the market's attention.
Personally, I support native stablecoins like USDM and USDA, but for the expansion of the Cardano ecosystem, I believe integrating major stablecoins like USDT and USDC is crucial. This is because their share of the total stablecoin market cap is overwhelming, and integrating them would attract their vast liquidity. For instance, USDT alone accounts for 59.05% of the entire stablecoin market.
I understand that integrating with them is challenging, but I see it as a necessary step for the ecosystem's growth. If an opportunity arises, it should not be missed.
8.29K
77
The content on this page is provided by third parties. Unless otherwise stated, OKX is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.