Tether, which claims to be the largest company in the digital assets industry today, announced it has created a native deployment of Tether’s USD₮ on the Kaia blockchain.
LINE NEXT Corp., LINE’s venture dedicated to developing and expanding the Web3 ecosystem, and Kaia, a public layer 1 blockchain that powers the Mini Dapp and Dapp Portal ecosystem accessible within LINE Messenger, will collaborate “to deliver USD stablecoin offerings to Asia’s mainstream consumers, leveraging native USD₮-Kaia integrated with LINE NEXT’s blockchain-powered services and platforms.”
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 Web3 ecosystem, Tether broadens access “to stable transactions of the world’s largest stablecoin to LINE’s 196 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 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
Paolo Ardoino, Tether’s CEO said:
“Tether’s native launch on Kaia is another step toward making stablecoins accessible to millions of mainstream users. Through LINE NEXT’s 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.”
Dr. Sam Seo, Chairman of Kaia DLT Foundation said:
“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. 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.”
Positioned as a gateway for USD-backed stablecoins in Asia, Kaia and LINE NEXT aim to facilitate the “circulation of USD₮ and lay the groundwork for USD₮-enabled Web3 services in the region.”
The integration of Tether’s stablecoin into Kaia’s blockchain and DeFi ecosystem streamlines “on/off ramps for fiat-to-digital asset conversion and helps drive LINE NEXT’s Web3 ambitions.”
By bringing together LINE’s mainstream reach, Kaia’s blockchain scalability, and USD₮’s liquidity, this collaboration “sets the stage for financial inclusion and practical Web3 applications across Asia’s most active markets.”