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Chia Network Launches Native Peer-to-Peer Trading Services for Wallet Holders
The Bram Cohen-founded company will partner with Stably to launch a dollar-denominated stablecoin on its blockchain.
By James Rubin
Updated May 11, 2023, 6:03 p.m. Published Jan 12, 2022, 4:23 a.m.
Chia Network, the energy-efficient, blockchain and smart transaction platform, is launching native, peer-to-peer exchange services for Chia wallet holders.
- To support the product, called Offers, the company said Tuesday it is partnering with Stably to launch USDS, a dollar-denominated stablecoin on the Chia blockchain. Stably will also make wrapped bitcoin and wrapped ether available on the Chia blockchain.
- “Chia is meeting critical security and compliance needs to make peer-to-peer transactions safer and easier,” Chia President and Chief Operating Officer Gene Hoffman said in a statement. “Launching Offers is the first step in delivering on those needs, and our partnership with Stably to provide U.S. dollar-pegged stablecoins and wrapped cryptocurrencies is integral to the process.”
Read More: Chia Network to Develop Prototype for World Bank’s Climate Warehouse
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- In a phone interview with CoinDesk, Hoffman said the latest initiative would help Chia connect with its “core community of early adopters” – entrepreneurs and developers. He added that “stablecoins are a great way for a business to put dollar value into a (Chia) wallet to buy carbon credits.”
- Through Offers, Chia wallet holders – what the company calls makers and takers – can create and accept trade offers. Chia said that the service allows any two users to complete trades securely without fees, counterparty risk or the need for middlemen custodians that characterize centralized exchanges.
- San Francisco-based Chia, created by BitTorrent founder Bram Cohen and which aims to reduce public blockchains’ energy dependency, raised $61 million in a Series D funding round at a valuation of $500 million last year.
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KuCoin captured a record share of centralised exchange volume in 2025, with more than $1.25tn traded as its volumes grew faster than the wider crypto market.
What to know:
- KuCoin recorded over $1.25 trillion in total trading volume in 2025, equivalent to an average of roughly $114 billion per month, marking its strongest year on record.
- This performance translated into an all-time high share of centralised exchange volume, as KuCoin’s activity expanded faster than aggregate CEX volumes, which slowed during periods of lower market volatility.
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- Altcoins accounted for the majority of trading activity, reinforcing KuCoin’s role as a primary liquidity venue beyond BTC and ETH at a time when majors saw more muted turnover.
- Even as overall crypto volumes softened mid-year, KuCoin maintained elevated baseline activity, indicating structurally higher user engagement rather than short-lived volume spikes.
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Tom Lee urges BitMine shareholders to approve share increase ahead of January 14 vote
The chairman of the former bitcoin miner-turned-ether treasury firm reiterated his view that Ethereum is the future of finance.
What to know:
- Tom Lee, chairman of Bitmine Immersion (BMNR), urged shareholders to approve an increase in the company's authorized share count from 500 million to 50 billion.
- Lee assured shareholders that the increase is not intended to dilute shares, but instead to enable capital raising, dealmaking, and future share splits.
- Shareholders have until January 14 to vote on the proposal, with the annual meeting scheduled for January 15 in Las Vegas.
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