Over
200
million
LINE
users
will
be
able
to
utilize
USD₮
for
transactions
right
within
the
app
without
the
need
for
any
third
party
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.
Hashtag: #Kaia #USD₮
The issuer is solely responsible for the content of this announcement.
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