Kaia Sparks Korea’s Stablecoin Revolution: Tether, KakaoPay & LINE NEXT Fuel Web3 Fire
South Korea's crypto landscape just got hotter. Kaia—the blockchain project nobody saw coming—is throwing gasoline on the country's stablecoin race by bridging three unlikely allies: Tether's liquidity behemoth, KakaoPay's 36M-user fintech empire, and LINE NEXT's Web3 ambitions.
Game-Changing Alliances
Forget 'coopetition'—this is a full-scale corporate arms race disguised as innovation. Kaia's play? To become the settlement layer for Korea's $12B daily digital payments market while regulators scramble to keep up.
Web3's Trojan Horse
The real story isn't stablecoins. It's how Kaia's using them as a wedge to onboard KakaoPay's retail users into DeFi—with LINE NEXT's NFT infrastructure waiting in the wings. Genius or reckless? Depends which VC you ask.
Cynic's Corner
Because nothing says 'financial revolution' like repackaging USD-pegged tokens with extra steps—just in time for Korea's next crypto speculative frenzy.
Kaia DLT Foundation (Kaia) has recently announced its co-hosting of Korea’s first-ever Stablecoin Hackathon. In this incentive, KAIA is alongside Tether, KakaoPay, and LINE NEXT, starting on the 1st of August, 2025. Through this initiative, Kaia aims to solidify its reputation as a frontrunner in the stablecoin market pegged with KRW.
Kaia further strives to align its forces with the regulations initiated by South Korea to transform digital assets. This groundbreaking development highlights stablecoin innovation and lies behind the powerful synergies between Web3 developers and global enterprises.
Kaia Joins Forces with Power Players, Fostering Web3 and Stablecoin Adoption
Kaia aligns its patterns with Tether, KakaoPay, and LINE NEXT for the Web3 revolution. These giants are the largest USD stablecoin issuer, the dominant payment solution of South Korea, with 95% market penetration respectively. These major forces aim to empower 196 million users to leverage Kaia-powered services through LINE Messenger.
All these partners, by combining efforts, are set to provide a dual-track competition. This competition includes a hackathon that utilizes USDT on the Kaia chain, and an ideathon that aims to invent a KRW-powered stablecoin future.
The prizes of $72,500 (KRW 100 million) will be given to the winners. They will further get empowerment from Kaia, aiming to enable their mini dApps launch via LINE Messenger. Kaia Wave VC Alliances and Simsan Ventures further aim to offer investment opportunities to top teams.
The interested developers, entrepreneurs, and students are welcome to this event. They can now explore their areas of interest, such as financial inclusion, tokenized assets, digital content innovation, and DAO efficiency.
Kaia Gets Strategic Support to Strengthen the Digital Asset Industry of Korea
Biyard strengthens Hackathon while lawmaker Byung-deok Min endorses it, striving to speak at the September awards ceremony. The CEO of KakaoPay, Won Geon Shin, spotlights the importance of user-focused services, stating, “I expect that the ideas from the Hackathon will lead to more innovative services for users in line with the policy environment.”
The CEO of LINE NEXT, Youngsu Ko, compliments the above statement. He asserts, “This Hackathon marks a starting point for activating the use of stablecoins.” Furthermore, the Chairman of Kaia, Dr. Sam Seo, highlights the significance of the partnership, stating, “Through this Hackathon, Kaia will help found the digital asset fintech industry as another growth engine for Korea, discovering exceptional Web3 business models beneficial to everyone.”
This event focuses on financial inclusion, RWA tokenization, payment system innovation, DAO operational efficiency, and digital content transactions.
