The Kaia DLT Foundation and LINE NEXT have revealed plans for Project Unify, a comprehensive stablecoin application that will operate both as a standalone platform and as an integrated feature within LINE NEXT’s messaging service.
The platform will support multiple currency-pegged stablecoins including US dollar, Japanese yen, Thai baht, Indonesian rupiah, Philippine peso, Malaysian ringgit, and Singapore dollar, with potential future support for South Korean won stablecoins. The companies are positioning the platform to address fragmentation in Asia’s digital payments landscape.
Kaia was formed last year through the merger of two blockchains: Klaytn, developed by Korean social media company Kakao, and Finschia, created by Japan’s LINE Next. This partnership leverages LINE’s considerable payments expertise to the partnership, having operated LINE Pay across Japan, Taiwan, and Thailand. Earlier this year, LINE transferred its Japanese customers to PayPay, which now serves 70 million active users and recently applied for a US ADR listing.
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