Tether has introduced its USDT
$0.9962
stablecoin to the Kaia blockchain through a partnership with Line Next, the Web3 division of Japan’s messaging app, LINE.
With this collaboration, USDT can now be used within LINE’s Mini DApp ecosystem and its self-custodial wallet.
This means users will be able to make in-app payments, transfer money across borders, and take part in decentralized finance (DeFi) activities without needing to leave the app they already use every day.
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Users will see features like USDT rewards for certain actions within Mini DApps and the ability to send USDT directly to other users through LINE’s wallet. More ways to use USDT are expected to be added over time.
Tether’s CEO, Paolo Ardoino, highlighted that this change will give over 200 million users an easy way to use digital assets in their daily lives. He also said that bringing USDT to Kaia reflects Tether’s aim to increase stablecoin use across Asia and other regions.
Line Next CEO Youngsu Ko stated that this stablecoin integration will help create a “dollar-based gateway”. He believes this will make Web3 services more practical and easier to use for people in the region.
Additionally, Sam Seo, chair of the Kaia DLT Foundation, explained that Kaia’s system offers fast transactions and quick finality. He said the goal is to provide a reliable and easy USDT experience across LINE, DeFi apps, and centralized exchanges.
On May 6, Grab, a Southeast Asian super app, partnered with Natix, a project linked to Solana’s decentralized physical infrastructure network (DePIN). What is the goal of this collaboration? Read the full story.
Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.
