Tether now available on Kaia
Kaia has collaborated with Tether, the largest company in the digital assets industry, to integrate native USD₮ on the Kaia network. Through this launch, Tether and Kaia aim to strengthen USD₮’s dominance in Asia as the world’s largest USD-backed stablecoin with over 400 million global users by leveraging Kaia’s potential user base of over 250 million through LINE platforms. This native stablecoin integration will power transactions to bring about stability and liquidity across Kaia’s ecosystem products and protocols.
Unlocking Seamless On-Chain Experiences for Real Life
USD₮ on Kaia acts as a catalyst for introducing millions of mainstream consumers to the world of on-chain finance. With Kaia’s high-performance, EVM-compatible blockchain and a distribution network that reaches over 250 million users through LINE, USD₮ on Kaia is set for widespread adoption. Kaia will harness the stability and reach of USD₮ to roll out a range of impactful on-chain financial products and services, including:
- Tokenized real-world assets (RWA)
- On/off-ramp infrastructure
- Support from major domestic and global exchanges
- Non-fungible tokens and in-game economies
USD₮ on Kaia will also play a key role in powering experiences within LINE’s Dapp Portal, allowing fast and low-cost transactions directly within the LINE Messenger platform. These developments will offer users a faster, more affordable and stable way to use digital dollar assets in their everyday lives.
Regulatory Implications
In Japan, the handling of foreign stablecoins requires an "Electronic Payment Instrument Business Operator" license, such as SBI VC Trade has obtained in order to become the first cryptocurrency exchange allowed to handle Circle's USDC.
Therefore, making USD₮ available without any restrictions on the LINE Dapp Portal appears fraught with regulatory risk. So we will need to further investigate the actual implementation.
Toward Kaia Stablecoin Summer
As a user-centric L1 blockchain, Kaia has consistently prioritized building an ecosystem grounded by practicality. The launch of native USD₮ marks a major step toward realizing our vision: an inclusive on-chain financial world designed for everyday users.
