- LINE NEXT supports this initiative as it can create new power of growth for KaiaChain.
- Onboarding a mainstream stablecoin, backed by trust with sufficient global recognition and liquidity is essential for KaiaChain to become a major Layer 1 blockchain.
- The USD stablecoin market capitalization has been growing at a CAGR of over 100% for the past six years and surpassed PayPal and Visa transactions as of last year. We believe that the adoption of the US dollar will accelerate in digital world including major Asian countries, since the the digital dollar has a global currency share of 99% while the physical dollar has a share of 58%.
- Currently, LINE NEXT is working with the Kaia Foundation to build a mini-dapp platform based on LINE Messenger. The platform includes an in-app wallet that global LINE users can use directly in LINE App.
- If the Kaia chain can integrate a reputable and widely adopted native stablecoin and build a related DeFi ecosystem, the LINE’s mini-dapp platform and wallet can help introduce and disseminate Kaia-based USD to LINE users in Asia.
- We believe this could be more than just a partnership with a stablecoin project, it could be the first successful case of distributing digital dollars in Asia.
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