Tether Launches Native Tether (USDT) on Kaia Blockchain
Global stablecoin issuer Tether has announced the launch of its native Tether (USDT) on the Kaia blockchain.
LINE NEXT, a subsidiary of LINE dedicated to developing and expanding the Web3 ecosystem, operates Kaia, a public Layer 1 blockchain that exclusively supports Mini Dapp and Dapp Portal ecosystems accessible via the LINE messaging app.
This collaboration will further integrate the native USDT into the services and platforms driven by the Kaia and LINE NEXT blockchains, providing US dollar stablecoin products to mainstream consumers in Asia.
As part of this collaboration, USDT will be supported on the Mini Dapp platform and self-custody wallet infrastructure within the LINE messaging app.
By launching USDT in the rapidly growing Web3 ecosystem on the Kaia blockchain, Tether can expand the stable trading scope of the world’s largest stablecoin to LINE’s 196 million active users monthly, meaning users will be able to utilize USDT for in-app payments, cross-border transfers, decentralized finance (DeFi), and more, all within the familiar LINE environment.
Mini Dapps built on the Kaia blockchain will introduce extensive functionalities supported by USDT, enabling users to experience a seamless digital asset experience within the LINE messaging app.
Main Features of USDT Integration by LINE NEXT
Users can complete tasks within various Mini Dapps and receive rewards in USDT.
Users can conveniently and quickly send and receive USDT with friends through the in-app payment wallet on the LINE messaging app.
Additional features being considered by LINE NEXT include the integration of USDT into Mini Dapps.
Tether CEO Paolo Ardoino stated, “The launch of native USDT on the Kaia blockchain represents a significant step forward, enabling millions of mainstream users to more easily access stablecoins. Through LINE NEXT’s trusted blockchain infrastructure, over 200 million LINE users worldwide will now be able to manage various digital assets in their daily lives in a simple and fast manner. Tether’s expansion into the Kaia blockchain underscores our commitment to promoting the adoption of stablecoins in Asia and beyond.”
Kaia DLT Foundation Chairman Sam Seo noted, “Tether’s decision to launch native USDT on the Kaia blockchain will accelerate the expansion of high-end US dollar stablecoins in the Asian market, and our collaboration with LINE NEXT marks significant progress for our hybrid payment solutions. With the lowest transaction latency in EVM and instant finality, Kaia’s USDT will provide the fastest, simplest, and most reliable user experience across different platforms, including LINE, DeFi, and CEXs.”
LINE NEXT CEO Youngsu Ko commented, “The adoption of USDT by LINE NEXT will help establish a US dollar-based stablecoin trading gateway in Asia. By integrating stablecoin-driven services, we aim to bring Web3 services closer to users’ daily experiences.”
Kaia and LINE NEXT position themselves as strategic gateways for US dollar stablecoins in Asia, aiming to promote the widespread circulation of USDT and lay the foundation for a Web3 ecosystem supporting USDT in the region.
Integrating Tether’s market-leading stablecoin into Kaia’s robust blockchain and DeFi ecosystem not only simplifies the processes of fiat to digital asset conversions but also aids in advancing LINE NEXT’s ambitions to expand the Web3 market.
Combining LINE’s mainstream influence, Kaia blockchain’s scalability, and USDT’s liquidity, this collaboration is set to establish a foundation for broader financial inclusivity and practical Web3 applications in the most active markets in Asia, allowing everyone to enjoy effective and convenient financial services equally.