LINE NEXT Corporation, the Web3 development arm of LINE, has announced a significant partnership with Tether, the world's leading stablecoin provider, to integrate USD₮, a digital asset pegged to the US dollar, into the Kaia blockchain. This collaboration aims to enhance stablecoin adoption across Asia, enabling LINE users to seamlessly access and utilize USD₮ within the popular messaging app.
On May 7, 2025, in Abu Dhabi, United Arab Emirates, Tether revealed its plans to expand the reach of USD₮ on the Kaia blockchain, which is designed to support various decentralized applications (DApps) within the LINE ecosystem. This strategic move is expected to make it easier for users to engage with digital assets and participate in the growing Web3 landscape.
With over 196 million monthly active users on LINE, the integration of USD₮ is poised to revolutionize how users interact with digital currencies. The app will support transactions using USD₮ through its Mini DApps, allowing users to perform various activities such as in-app purchases, sending digital assets, and accessing decentralized finance (DeFi) services without needing to download additional applications.
According to Paolo Ardoino, CEO of Tether, "The integration of Tether on the Kaia blockchain marks a significant step in making stablecoins accessible to millions. We aim to leverage LINE's robust blockchain infrastructure and its extensive user base to drive digital asset adoption in everyday life."
Dr. Sang Sohn, Chairman of the Kaia DLT Foundation, added, "The collaboration will accelerate the adoption of high-quality USD₮ in Asia and support our payment solutions developed with LINE NEXT. USD₮ on Kaia will provide the fastest, easiest, and most reliable user experience across platforms like LINE, DeFi, and centralized exchanges (CEX)."
LINE NEXT is also planning to incorporate USD₮ as a reward mechanism within Mini DApps, encouraging users to explore and engage with stablecoins more frequently. This will help integrate digital currency usage into users' daily routines, making it more familiar and accessible.
The Mini DApps, which have gained popularity since their launch, allow users to access various services, including games and social platforms, directly through the LINE application. With over 35 million users already utilizing these DApps in countries such as Korea, Japan, Taiwan, and Thailand, the potential for growth and adoption is substantial.
Ko Youngsu, CEO of LINE NEXT, emphasized the importance of this partnership, stating, "Introducing USD₮ is a significant step toward making digital assets pegged to the dollar easily accessible to users in Asia. Our services utilizing stablecoins will bring Web3 into the daily lives of LINE users in a tangible way."
As the digital asset landscape continues to evolve, the collaboration between LINE NEXT and Tether represents a critical milestone in promoting stablecoin usage throughout Asia and beyond. By integrating USD₮ into the Kaia blockchain, LINE aims to provide a secure and efficient platform for users to manage their digital assets.
Meanwhile, the broader cryptocurrency market is also witnessing significant developments. Arizona's legislative efforts to allow state investments in digital assets have faced challenges, with Governor Katie Hobbs expressing concerns about unproven assets. In contrast, New Hampshire has successfully passed House Bill 302, permitting state treasury officials to invest up to 5% of state funds in Bitcoin and other digital currencies with a market cap exceeding $500 billion.
This legislative approval in New Hampshire may serve as a catalyst for other states to reconsider their approach to digital asset investments, despite the hurdles faced by states like Arizona and Florida.
In another notable development, VanEck has filed for a Spot BNB ETF with the SEC, marking a significant move in the investment landscape. This ETF aims to track the price of BNB from the top five cryptocurrency trading platforms and will include staking, ensuring protection against forks or airdrops. However, investors are cautioned that this fund carries high risks due to the volatility of BNB, the native token of Binance, and lacks FDIC protection.
As cryptocurrency and digital assets become increasingly integrated into everyday life, the collaboration between LINE NEXT and Tether is set to pave the way for a more accessible and user-friendly digital financial ecosystem. With the potential for widespread adoption, users may soon find themselves conducting transactions using stablecoins like USD₮ without even realizing it.
Overall, the partnership signifies a vital step toward enhancing the usability of digital currencies in Asia, potentially transforming how consumers engage with their finances in the digital age.
