LINE partners with Kaia to launch the stablecoin super application "Project Unify," targeting the Asian payment market.

LINE NEXT and Kaia Blockchain recently announced a partnership to launch "Project Unify," a super app that combines payment, transfer, income, and Decentralized Finance functions with stablecoin (Superapp), expected to debut by the end of 2025. The goal is to integrate multiple currencies across Asia and create a Compliance and widely accessible new cross-border payment infrastructure.

LINE partners with Kaia to create Asia's first "stablecoin super app"

At the Korea Blockchain Week (KBW), Kaia announced that it will launch "Project Unify," a super application based on stablecoin, in collaboration with LINE NEXT on the LINE Dapp Portal and LINE Messenger, with testing expected to start by the end of this year.

Kaia announced the launch of Project Unify at the Korea Blockchain Week.

The application will integrate payment, remittance, deposit and withdrawal, stablecoin yield services with DeFi functions, allowing users to not only transfer funds instantly through messages but also use it for online and physical store purchases, and even participate in on-chain financial ecosystems.

It is reported that Kaia is a public blockchain formed by the merger of Kakao's Klaytn and LINE's Finschia network.

( Taiwan Mobile TWEX and Kakao's blockchain Kaia signed a memorandum of understanding, and both parties will cooperate in four major areas ).

Unify Vision: Connect cross-border payments in Asia, support stablecoins from various countries.

Sam Seo, chairman of the Kaia DLT Foundation, pointed out: "Payment systems in various Asian countries have long operated independently, and cross-border transfers require multiple intermediaries, which not only takes several days but also incurs high fees."

Project Unify simplifies processes and promotes the widespread use of cross-border finance through the positioning of the "stablecoin collaboration layer". We hope it can meet the needs of various users.

He revealed that Unify will initially support the USD stablecoin, with plans to expand to major Asian currencies such as the Japanese Yen, South Korean Won, Thai Baht, Indonesian Rupiah, Philippine Peso, Malaysian Ringgit, and Singapore Dollar.

The SDK empowers issuers and developers to scale horizontally more quickly.

In addition to consumer applications, Project Unify also plans to provide a supporting Unify software development kit (SDK), which on one hand allows stablecoin issuers to enhance cross-border issuance liquidity and use cases, and on the other hand enables developers to embed more features into products, expanding their usage.

LINE NEXT CEO Youngsu Ko stated, "We have seen the demand and potential for stablecoins in the Asian market."

We plan to lead the expansion of the Asian stablecoin ecosystem by launching a super app that anyone can easily and safely use.

South Korea's regulations are gradually loosening, is a Korean won stablecoin not far away?

South Korea is expected to introduce a stablecoin-related bill in October this year, regulating details such as issuance, reserve management, and interest payments, paving the way for Unify's future development.

As part of LINE and Kaia's strategic layout in crypto payments, if Unify can successfully establish itself in terms of Compliance and technology, it is expected to become Asia's first widespread cross-border stablecoin platform, bringing LINE's nearly 200 million users into the Web3 world.

(South Korea relaxes regulations! Crypto companies will gain "startup" status, enjoying tax reductions and financing support)

This article announces that LINE has partnered with Kaia to launch the stablecoin super application "Project Unify," targeting the Asian payment market. It first appeared on Chain News ABMedia.