Kaia and LINE NEXT Announce Stablecoin Super App and SDK Connecting Asia
The Kaia DLT Foundation ("Kaia") and LINE NEXT have announced "Project Unify", a Web3 super app based on stablecoins.
This app will be provided as a standalone application on the Kaia platform, as well as a Mini DApp within LINE NEXT's messenger service. The Unify app is scheduled to launch its beta version within this year, followed by gradual expansion of consumer-focused Web3 and fintech features including stablecoin deposit yields, payments, remittances, on/off-ramps, NFTs, and gaming.
Through the Unify app, users can experience an innovative mechanism where they earn real-time incentives simply by depositing stablecoins into their wallet. Users can also send stablecoins to anyone through messaging features and make payments or receive paybacks at online and offline merchants worldwide. Additionally, they can easily utilize a wide range of on/off-ramp solutions unlike anything available before, and enjoy over 100 Web3 apps that provide additional rewards.
The "Unify Mini DApp" service will be provided by integrating existing DApp portals and will feature differentiated functionality according to each country's regulatory environment.
In January this year, Kaia and LINE NEXT launched a messenger-based Mini DApp platform, which has acquired over 130 million new users to date. Both companies are expanding their services as a stablecoin super app based on Asia's largest and most active wallet account base.
Unify integrates multiple national currency-pegged stablecoins into one platform to actively respond to competition in Asia's stablecoin market. It is designed to support stablecoins pegged to various national currencies including the Korean won (expected to be realized in the future), US dollar, Japanese yen, Thai baht, Indonesian rupiah, Philippine peso, Malaysian ringgit, and Singapore dollar. Kaia aims to integrate various stablecoins in the future and establish its position as a gateway for digital currency issuance, payments, and consumer revenue opportunities across Asia.
Furthermore, Kaia and LINE NEXT plan to provide the Unify SDK for stablecoin issuers and app developers. This will enable issuers to easily deploy Unify's features in local markets, achieving expanded convenience and liquidity creation, while developers can easily integrate stablecoin functionality into their own apps.
Comments from Leadership
Ko Young-soo, Representative of LINE NEXT: "Through our collaboration with Kaia, we have been able to confirm the needs and potential for stablecoins. Going forward, we will provide all-in-one stablecoin-based services that anyone can use easily and safely, leading the expansion of the stablecoin ecosystem."
Seo Sang-min, Representative of Kaia DLT Foundation: "Project Unify is Kaia's strategic project to lead Asia's stablecoin market by providing diverse fintech and entertainment features. Another important element is the stablecoin orchestration layer. Kaia has established a unique position to integrate Asia's highly fragmented payment infrastructure and promote cross-border financial inclusion."
About KAIA Blockchain
KAIA is a high-performance public blockchain that aims to provide more convenient blockchain services to users worldwide by interpreting and innovating Web3 values, technologies, and projects. KAIA was established in 2024 through a governance member integration agreement between Klaytn and Finschia blockchains developed by major Korean IT companies Kakao and LINE, building Asia's largest Web3 ecosystem with over 250 million potential users. All users utilizing the KAIA blockchain can use Web3 services at the same speed as Web2 messenger services, enhancing interconnection, creation, and collaborative activities, allowing everyone to become contributors to the ecosystem.
Norbert Gehrke
