LINE NEXT and Kaia Expand Web3 and Stablecoin Adoption Across Asia Following a Native Deployment of Tether's USD₮ on Kaia Blockchain
LINE NEXT Inc. is LINE's venture dedicated to developing and expanding the Web3 ecosystem. Currently, Kaia is exclusively powering the Mini Dapp and Dapp Portal ecosystem accessible within LINE Messenger. As part of this collaboration, USD₮ will be supported across LINE's messenger-based Mini Dapp platform and self-custodial wallet infrastructure. As a result, by launching USD₮ on Kaia's rapidly growing Web3 ecosystem, Tether broadens access to stable transactions of the world's largest stablecoin to LINE's 200 million monthly active user base. Meaning, users will be able to utilize USD₮ across Mini Dapps for in-app payments, cross-border transfers, and decentralized finance (DeFi) activities, all within the familiar LINE environment.
Mini Dapps built on the Kaia blockchain are set to introduce a wide range of features powered by USD₮, offering users a seamless digital asset experience within LINE Messenger.
Key features of LINE NEXT's USD₮ initiatives include:
Users can complete missions within various Mini Dapps and receive rewards in USD₮.
Users can conveniently send and receive USD₮ with friends directly through the in-app wallet on LINE Messenger.
Additional features under consideration by LINE NEXT include integrating USD₮ into Mini Dapp
The cryptocurrency market in Asia and Southeast Asia is experiencing rapid growth, emerging as a global hub for crypto adoption and trading. In Vietnam, Triple-A concluded Vietnam holds the second largest cryptocurrency market in ASEAN, with 21.2% of the population – around 20 million people, adopting crypto. In 2024, Vietnam ranked 5th globally in interest in digital assets, 3rd in using international trading platforms, and 6th in decentralized exchange (DEX) trading volume according to Chainalysis.
Among digital assets, USD₮ is widely used stablecoins by investors in cryptocurrency transactions, thanks to its price stability, high liquidity, and flexible convertibility. USD₮ is also widely supported by popular wallets such as Trust Wallet, Metamask, and locally used exchange wallets in Vietnam such as Remitano, ONUS.
With a large and growing user base, this partnership is expected to serve as a gateway for millions of everyday users across key markets in Asia, including Vietnam, to access on-chain finance.
'Tether's native launch on Kaia is another step toward making stablecoins accessible to millions of mainstream users,' said Paolo Ardoino, Tether's CEO. 'Through LINE NEXT's trusted blockchain infrastructure, over 200 million LINE users will now have a straightforward way to engage with digital assets in everyday life. Tether's expansion to Kaia underscores its commitment to fostering stablecoin adoption across Asia and beyond.'
'Tether's decision to natively launch USD₮ on Kaia will accelerate the spread of high-end USD-backed stablecoins in Asia, furthering our hybrid payment solutions in collaboration with LINE NEXT,' said Dr. Sam Seo, Chairman of Kaia DLT Foundation. 'With the lowest transaction latency among EVM chains and immediate finality, Kaia's USD₮ will provide the fastest, easiest, and most reliable user experience available across platforms such as LINE, DeFi, and CEXs.'
'LINE NEXT's adoption of USD₮ will help establish a dollar-based gateway in Asia,' said Youngsu Ko, CEO of LINE NEXT. 'By integrating stablecoin-powered services, we aim to bring Web3 services closer to users' everyday experience.'
Positioned as a strategic gateway for USD-backed stablecoins in Asia, Kaia and LINE NEXT aim to facilitate the widespread circulation of USD₮ and lay the groundwork for USD₮-enabled Web3 services in the region.
The integration of Tether's market leading stablecoin into Kaia's robust blockchain and DeFi ecosystem streamlines on/offramps for fiat-to-digital asset conversion and helps drive LINE NEXT's broader Web3 ambitions.
By bringing together LINE's mainstream reach, Kaia's blockchain scalability, and USD₮'s liquidity, this collaboration sets the stage for deeper financial inclusion and practical Web3 applications across Asia's most active markets, including Japan, Thailand, and Taiwan.
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