Tether has announced the native launch of its USD₮ stablecoin on the Kaia blockchain, marking a significant milestone for Web3 and stablecoin adoption across Asia. The move is a joint effort with LINE NEXT, the Web3 subsidiary of LINE, and Kaia, a high-performance public Layer 1 blockchain that powers Mini Dapps and the Dapp Portal ecosystem within LINE Messenger.
With this integration, Tether’s USD₮ becomes accessible to LINE’s 196 million monthly active users, allowing them to use the stablecoin for in-app payments, cross-border transfers, and decentralised finance (DeFi) activities within the familiar LINE Messenger environment. Users can now send and receive USD₮ directly through LINE’s in-app wallet and earn rewards in USD₮ by completing missions within various Mini Dapps.
Kaia’s blockchain infrastructure offers low transaction latency and immediate finality, ensuring a fast and reliable user experience for stablecoin transactions across platforms, including LINE, DeFi protocols, and centralised exchanges. According to Paolo Ardoino, CEO of Tether, this partnership “underscores [Tether’s] commitment to fostering stablecoin adoption across Asia and beyond,” making digital assets more accessible for everyday use.
Dr. Sam Seo, Chairman of the Kaia DLT Foundation, highlighted that the collaboration will accelerate the spread of USD-backed stablecoins in Asia and enhance hybrid payment solutions with LINE NEXT. Youngsu Ko, CEO of LINE NEXT, added that integrating stablecoin-powered services will help establish a dollar-based gateway in the region, bringing Web3 closer to mainstream users.
This development positions Kaia and LINE NEXT as strategic gateways for USD-backed stablecoins in Asia, streamlining fiat-to-digital asset conversion and enabling practical Web3 applications for millions of users.
Notably, Tether’s Q1 2025 financial success, marked by substantial operating profit and significant U.S. Treasury holdings backing USDT, coincides with the increasing supply and adoption of their stablecoin. This growth occurs against the backdrop of a thriving dollar-pegged stablecoin market and Tether’s strategic investments across diverse industries. Meanwhile, European regulators have voiced concerns regarding the market’s dependence on dollar-linked stablecoins and the inherent volatility of the wider cryptocurrency landscape.
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