Kaia, Tether, KakaoPay, and LINE NEXT Co-host Hackathon to Seize Leadership in KRW Stablecoin
On August 1, 2025, Kaia DLT Structure (Kaia) is set to co-host the inaugural Korea Stablecoin Hackathon alongside Tether, KakaoPay, and LINE NEXT Corp. This collaborative initiative underscores Kaia chain’s pivotal role in the South Korean digital asset market and its strategic partnerships that are propelling Asian stablecoin ecosystems, particularly those pegged to the Korean Won (KRW).
The Drive Towards Innovation and Market Leadership
Kaia, known for its cutting-edge blockchain and peer-to-peer technologies, aims to bridge the gap between traditional financial infrastructures and the vast potential of decentralized finance. This Hackathon signifies a concerted effort to foster innovation and leadership within the KRW stablecoin space.
Exploring the Key Players
Kaia:
Kaia is a high-performance public blockchain platform that is democratizing Web3 access for millions across Asia. With a commitment to leveraging advanced blockchain solutions, Kaia is at the forefront of driving financial inclusivity and technological advancement in the region.
Tether:
As a leading stablecoin issuer, Tether plays a crucial role in providing stability and liquidity within the cryptocurrency market. By participating in the Hackathon, Tether reinforces its dedication to fostering innovation and collaboration within the stablecoin ecosystem.
KakaoPay:
Launched in April 2017, KakaoPay, a subsidiary of Kakao Corporation, has been instrumental in revolutionizing digital financial services in South Korea. By offering a seamless and secure lifestyle financial platform accessible via KakaoTalk and the Kakao Pay app, KakaoPay has significantly enhanced the convenience and accessibility of financial transactions for users.
LINE NEXT Corporation:
With a focus on global Web3-based services and gaming, LINE NEXT Corporation is driving innovation in diverse sectors. By leveraging blockchain technology, LINE NEXT aims to create cutting-edge solutions that cater to the evolving needs of users worldwide.
Sam Boolman’s Insights
“The collaboration between Kaia, Tether, KakaoPay, and LINE NEXT in hosting the Korea Stablecoin Hackathon underscores a significant step towards establishing market leadership in the KRW stablecoin domain. This event not only showcases the commitment of these key industry players to drive innovation but also highlights the growing importance of stablecoins within the broader cryptocurrency landscape.”
Sam Boolman, Lead Analyst at ChainIntel
