Bogota, Colombia, August 3rd, 2026, Chainwire — KiiChain has opened the public sale of its KII utility token through Sonar following 9,450 registrations since sign-ups began on July 28. The sale will remain open until August 11 as the project prepares to expand its on-chain foreign-exchange infrastructure for emerging markets.

KiiChain operates an on-chain FX layer designed to connect global stablecoin liquidity with local-currency markets. Its public Oro testnet is currently live and has attracted more than 366,000 participants, providing users, validators, and developers with a working environment to test the network ahead of mainnet launch.

Bridging Digital Dollars and Local Currencies

The global stablecoin market reached approximately $310 billion in Q1 2026, with 99% of supply tied to the US dollar (CoinGecko Q1 2026 Crypto Industry Report). However, users across emerging markets still require local currencies for everyday use. Latin America alone recorded $324 billion in stablecoin transactions in 2025, underscoring the scale of demand for digital dollars across the region (U.S. Chamber of Digital Commerce). That demand pattern — heavy stablecoin holdings alongside persistent local-currency needs for rent, groceries, wages, and taxes — highlights the conversion gap that on-chain FX infrastructure aims to close. Remittance corridors, cross-border supplier payments, and freelancer settlements are among the everyday flows where converting digital dollars into local currencies remains slow, costly, or reliant on off-chain intermediaries.

As stablecoin adoption grows, so does the need for infrastructure that links this liquidity with the local currencies used for payroll, supplier payments, trade, and everyday transactions. KiiChain's on-chain FX layer connects global stablecoins such as USDT and USDC with locally denominated stablecoins and liquidity across different networks, creating a more direct route between digital-dollar liquidity and the currencies used across emerging markets.

The network is designed to support cross-border payments, remittances, and trade without requiring businesses or financial applications to manage separate systems for every currency conversion and settlement route.

"Stablecoins have made digital dollars more accessible, but their wider utility depends on connecting them with the currencies businesses and consumers use every day," said Danyel Arenas, CEO & Co-Founder at KiiChain. "KiiChain is building that connection so stablecoin liquidity can support practical payments, trade and financial activity across emerging markets."

KII Utility Grows with Network Activity

KII is used for transaction fees, validator staking and delegation, network rewards, and governance. It also supports incentives for the less-supplied side of stablecoin FX pairs, helping attract local-currency liquidity where dollar liquidity is already widely available. As KiiChain adds more currency routes, liquidity providers, applications, and transactions, KII will be used across more of the functions required to operate, secure, and supply liquidity to the network.

The on-chain FX category remains nascent, with few networks specifically targeting automated stablecoin-to-local-currency conversion at scale. The token's design ties its utility directly to whether the network can attract sufficient liquidity providers and application partners across multiple currency corridors — a metric to watch as KiiChain transitions from testnet to mainnet.

The KYC-gated public sale has a minimum participation amount of $10 and accepts USDC, USDT, and other supported assets. Tokens purchased through the sale are subject to a one-year cliff followed by two years of daily vesting. The Token Generation Event is expected to take place in mid-August. The sale is accessible through sale.kiichain.io.

About KiiChain

KiiChain is building the on-chain FX layer that connects global stablecoin liquidity with the local currencies used across emerging markets. Through 24/7 foreign exchange, cross-border payments, institutional liquidity, and on-chain settlement, KiiChain enables businesses, fintechs, and financial institutions to move value across currencies and networks through one integrated financial stack. Its ecosystem is designed to make stablecoins more useful for real-world payments, trade, and broader financial access.

For more information, visit kiichain.io and follow KiiChain on X at @KiiChainio.

Contact: Kii Global, info@kiiglobal.io