In this post:
- Kaia DLT Foundation partnered with Tether and LINE NEXT Corp to co-host the upcoming August 25 “Kaia Wave Stablecoin Summer Hackathon.”
- Top 10 developers will have a chance to launch DeFi Mini Dapps on LINE Messenger, which has over 194M active monthly users, and win parts of a $170K direct prize fund.
- The Foundation said its partnership with LINE NEXT and Tether will bring Web3 to the fingertips of hundreds of millions of users across Asia.
Kaia announced a partnership with Tether and LINE NEXT as the three plan to co-host the August 25 Hackathon. The top ten builders will get the chance to launch Kaia USDT-powered Mini DeFi projects for LINE Messenger’s 194M active monthly users and win up to $1M in investment credits.
Kaia said the hackathon is designed to enable mainstream users, particularly those on LINE Messenger, to engage in stablecoin-driven yield-generating activities like trading and staking. The Kaia chain aims to connect and support all available stablecoins to ensure users get the best experience while tapping into its business network and Web3 ecosystem. The chain’s team believes this will be a great way to promote stablecoin adoption across Asia and beyond.
Kaia recently filed for four trademarks, KaKRW, KRWKaia, KRWGlobal, and KRWGL, anticipating its launch of a KRW-backed family of stablecoins. News about Kaia’s KRW-pegged stablecoin trademarks went viral after the Korean Intellectual Property Office published a notice about them last week.
Youngsu Ko says it’s about popularizing stablecoins and Web3
The CEO of LINE NEXT, Youngsu Ko, said the Hackathon marks the start of active stablecoin business initiatives across Korea and worldwide. He added that his company, together with its partners, looks forward to witnessing innovative business ideas. Ko believes it is all about the “popularization of Web3 services and stablecoins.”
Dr. Sam Seo, the Chairman of the Kaia DLT Foundation, also pointed out that collaborating with LINE NEXT and Tether would help his company connect with global stablecoin DeFi projects. He added that the builder-focused event will help develop stablecoin Mini DeFi Dapps for millions of LINE’s users.
“Through various developer engagement events, we aim to identify groundbreaking Dapps to lead the Kaia ecosystem and grow collaboratively.”
- Dr. Sam Seo, Chairman of Kaia DLT Foundation
Kaia’s co-sponsoring partners, including Cicada, Amonica Brands, SNZ Holding, Dune Analytics, Hacken, Caladan, ANKR, and Certik, have also joined forces to motivate Dapp developers. Active users will also receive daily rewards, while first-time traders receive special offers. Developers interested in participating in the upcoming Hackathon can apply through DoraHacks.
Kaia helps bring Web3 to the fingertips of millions
Kaia is obviously helping to bring Web3 to the fingertips of hundreds of millions of users across Asia. Partnering with LINE NEXT will enable the company to develop Web3-based global businesses and services. Kaia will also enable greater financial inclusion by partnering with Tether. The company asserted that these partnerships will support economic growth while empowering individuals. Kaia hopes to reach underserved communities through Tether’s resilient and sustainable infrastructure.
Kaia’s Chairman, Dr. Seo, recently said Kaia DLT Foundation will do its best to enable the issuance of KRW stablecoins on the Kaia chain. He mentioned that Kaia had already onboarded native USDT on the Kaia Chain. Seo added that the Stablecoin Summer was just beginning.
Kaia also disclosed that it was not operating in isolation and that it was in ongoing discussions with domestic financial institutions to spread the adoption of KRW-pegged stablecoins. It pointed out that this collaborative approach will build trust and ensure regulatory compliance.
