DWF Labs-Backed Stablecoin Venture Integrates with Kaia Chain

DWF Labs-backed stablecoin venture, Falcon Stable or USDf, has been integrated into Kaia Chain, as announced by DWF Labs CEO Andrei Grachev.

In a recent post, Andrei Grachev, CEO of DWF Labs and Head of FalconStable, revealed that the USD-backed stablecoin has been fully incorporated into the Kaia (KAIA) Chain. This partnership allows the synthetic stablecoin to be integrated into the LINE messenger ecosystem through Kaia.

> “Together, we bring sustainable and innovative stablecoin yield solutions for more than 250 million LINE users BUIDL!” – Andrei Grachev.

With the integration of USDf into the Kaia Chain, LINE users can now access the stablecoin and earn passive yield from its staked product, sUSDf.

Falcon Stable is a stablecoin venture established by DWF Labs’ Falcon Financial. The Falcon Stable protocol enables users to mint a yield-bearing U.S. dollar‑pegged token called USDf.

Unlike most stablecoins, Falcon’s USDf allows users to deposit a variety of digital assets, including other stablecoins like USD Coin (USDC) and Tether (USDT), as well as major tokens like Bitcoin (BTC) and Ethereum (ETH), and even tokenized real-world assets. These assets serve as collateral for minting USDf.

Stablecoin Yield Opportunities

The stablecoin not only offers stability but also yield for holders who stake minted USDf. When minted USDf is staked, users receive sUSDf, an interest-bearing version that accrues yield with an annual percentage yield (APY) that has surpassed 22%. Currently, the stablecoin boasts a market cap of nearly $560 million and a 24-hour trading volume of over $1.7 million.

About Kaia Chain

Kaia Chain serves as the main Web3 infrastructure for the LINE messaging platform. Kaia supports the Mini Dapp and Dapp Portal within LINE’s messaging app, allowing users to easily access and interact with decentralized applications without needing web3 onboarding.

LINE is a popular messaging platform in East Asia with a registered user base exceeding 250 million.

Back in August of last year, LINE began exploring Web3 with the addition of mini dApps powered by the Kaia blockchain. The Kaia DLT Foundation emerged from the merger of two prominent blockchain projects from LINE and South Korean tech giant Kakao, combining Line’s Finschia blockchain and Kakao’s Klaytn blockchain.

> Read more: LINE messenger to introduce mini dApps via Kaia blockchain