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Kaia announced a collaboration with LINE NEXT to launch a stablecoin super app and its SDK Project Unify.
Deep Tide TechFlow news, on September 22, the Kaia DLT Foundation announced a partnership with LINE NEXT, the venture capital department of LINE dedicated to expanding the Web3 ecosystem, to launch a stablecoin-driven Web3 super application, temporarily named “Project Unify.” The Beta version of the service is planned to be launched within this year, followed by consumer-centric Web3 and fintech features such as stablecoin yields, payments, remittances, deposit/withdrawal channels, and Web3 applications.
Unify will provide services through Kaia-driven independent services and Mini DApps operated by LINE NEXT. Users can simply deposit stablecoins into their wallets to experience an innovative real-time incentive system, and they can also send stablecoins to anyone via messages, use stablecoins for payments at online and offline merchants globally, and receive rewards. Furthermore, Unify will offer an unprecedented range of deposit and withdrawal solutions that anyone can easily access, enjoy over 100 Web3 applications, and receive additional rewards.
Unify will also integrate multiple regional currencies into one platform to address the emerging stablecoin competition in Asia. The platform is designed to support stablecoins pegged to currencies such as the US dollar, Japanese yen, Thai baht, South Korean won, Indonesian rupiah, Philippine peso, Malaysian ringgit, and Singapore dollar. By integrating a diversified stablecoin market, Kaia positions itself as a gateway for issuance, payment, and yield opportunities in Asia.
In addition, Unify plans to provide the Unify SDK for stablecoin issuers and application developers. Stablecoin issuers can easily issue in cross-border markets to expand their availability and create liquidity, while application developers can also easily integrate stablecoin-related features into their applications.