Kaia, Tether, KakaoPay, and LINE NEXT Co-host Hackathon to Seize Leadership in KRW Stablecoin

From August 1, 2025, the Kaia DLT Foundation (Kaia) co-organized the first hackathon of Stablecoin Korea, with Tether, Kakaopay and Line Next Corp. This initiative demonstrates the role of leadership of the Kaia chain in the South Korean digital asset market, as well as its solid partnerships which have progressed Asian activities.

To maximize collaboration between Fintech web3 developers and large companies, Kaia has teamed up with main players in industry such as Tether, the largest stable -co -USD supplier in the world; Kakaopay, the native payment solution of Kakaotalk, which has a market share of 95% in South Korea; And then Line, Line’s Web3 Venture, providing web services powered by Kaia to 196 million users on Messenger online worldwide.

The hackathon has two tracks: an “Idathon” focused on the future Stablecoin initiatives supported by KRW and a hackathon powered by the native USDT on the Kaia channel. In addition to price financing of 72.5,000 USD (KRW 100 million), Kaia will support the best performers by launching their mini DAPPs in Line Messenger. Kaia Wave VC Alliances and Simsan Ventures, a global venture capital company based in the United Kingdom and Water, will examine promising manufacturers for potential investments.

Meanwhile, Biyard, a web 3 company operating the decentralized social platform and focused on the objective, Ratel, facilitated collaboration between industry, the academic world and the government. As such, the Byung -Deok Min legislator proposed the first bill of Numerical Basic Asset of Korea (2025) – will give an opening speech during the awards ceremony event in September.

“I am delighted to participate in the judgment of ideas related to Stablecoins, a global burning subject as a daily financial platform for the whole nation”, ” said Won Geon Shin, CEO of Kakaopay. “I expect hackathon’s ideas leading to more innovative services for users in accordance with the political environment.”

“This hackathon marks a starting point to activate the use of stablecoins,” said Youngsu Ko, CEO of Line Next “With Kakao Pay and Kaia, Line Next is impatient to take care of innovative commercial ideas to accelerate the popularization of web 3 and stablecoins.”

“I am delighted that Kakaopay and the line then, the members of the governance of Kaia, and Tether, one of our strong partners, participate in this hackathon”, ” said Dr. Sam SEO, president of the Kaia DLT Foundation. “The cooperation of people involved in our joint effort will guarantee that the national stable sector is transparent.

Open to anyone interested in Stablecoins and Web3, the event will focus on financial inclusion, innovation of the payment system, RWA tokenization, DAO operational efficiency, cross -border discounts and digital content transactions. Detailed information will be available on the official Kaia website (Kaia.io) and its social networks (@kaiachain_kr).

About Tether and USD ₮

Tether is a pioneer in the field of Stablescoin technology, motivated by the objective of revolutionizing the global financial landscape. With a mission to provide financial, communication, artificial and energy -accessible and effective energy infrastructure. The attachment allows greater financial inclusion and communications resilience, promotes economic growth and allows individuals and businesses.

As creator of the largest, the most transparent and most liquid in industry, Tether devotes himself to the construction of sustainable and resilient infrastructure for the benefit of poorly served communities. By taking advantage of advanced blockchain and technology between peers, he undertook to fill the gap between traditional financial systems and the potential of decentralized finance.

About Kakaopay

Launched in April 2017, Kakao Pay, a Kakao Techfin subsidiary, built a practical and safe financial lifestyle financial platform that can be used on Kakaotalk and the Kakao Pay application, and has created a transition to a company without a portfolio where people can get involved in economic activities at any time, anywhere with a smartphone.

Since the launch of the first single mobile payment service in Korea in 2014, it has achieved remarkable growth by providing innovative lifestyle financial services that solve the disadvantages of existing financial activities such as online and offline payments, discounts, memberships, invoices and authentication. From the investment service in November 2018, it extended its financial services open to everyone by introducing specialized financial services such as credit demand, loans comparison and asset management. In 2023 and 2024, he launched a loan switching service and an insurance comparison service, creating a range that can encompass all the financial needs of all users. As a Global Pay Service representative in Korea, Kakao Pay actively extends its territory abroad. Currently, it links payment services with more than 50 overseas countries and regions, notably Asia, Europe and the Americas, beyond Korea. Thanks to its subsidiary, Kakao Pay Securities, it provides investment and practical asset management services such as funds and mini-safers in daily life, and Kakao Pay Insurance, the first digital insurance company based on the platform in Korea, leads the change in the insurance market by trying innovative modifications such as the coverage designed by users, discounts when you join Immediate notifications and payments, accidental references and references.

In order to create a world where various stakeholders can coexist, Kakao Pay also promotes various activities that add the own advantages of Kakao Pay in each environment, society and governance by virtue of the ESG vision of a beneficial, flexible finance ”. In particular, Kakao Pay performs coexistence activities so that anyone can take advantage of digital finance and achieve sustainable growth together, regardless of the digital information gap. We are exploiting various win-win programs targeting members of society who are in the dead angle of digital finance, such as the elderly and young people who prepare for independence, as well as the owners of small businesses who are in contact with Kakao Pay Business, to spread a positive influence throughout the local community and build services which incorporate various ESG elements to create a virtuous cycle structure for ESG management.

About the Next Corporation line

Based in Korea with offices in the United States and Japan, the Next Corporation line focuses on the development of global services and companies based on web3 and games.

About Kaia

Kaia is a high performance public blockchain that brings web3 to the fingertips of hundreds of millions through Asia. Trained thanks to the fusion of Klaytn and Finschia blockchains which were initially developed respectively by Kakao and Line, Kaia is the largest Asia web 3 ecosystem integrated with more than 250 million kakaotalk and lines with the ease and speed of the web2 in their favorite messenger to connect, create, create, and contribute to the ECO2 system Let the SUPERAP Lies to create, create, create, and contribute to the ECOS in the favorite messenger system to connect, create, create, and contribute to the Ecos in the favorite messenger system to connect, create, create, and contribute to the ecos in the favorite messenger system to connect, create, create, and contribute to the ECOS in the favorite messenger system. Learn more about www.kaia.io.