Kaia DLT Foundation, KakaoPay, LINE NEXT, Tether Unite for Korea Stablecoin Hackathon

Kaia DLT Foundation, Tether, KakaoPay, and LINE NEXT Corp. have united to co-host the first Korea Stablecoin Hackathon, a significant event in the South Korean digital asset market. This initiative underscores Kaia chain’s leadership and its robust partnerships, which are propelling the advancement of Asian stablecoin markets, particularly those pegged to the Korean Won (KRW), following recent regulatory developments that have spurred activity.

The hackathon will feature two main tracks: an “Ideathon” focused on future KRW-backed stablecoin initiatives and a hackathon powered by the native USDT on the Kaia chain. Alongside prize funding of USD 72.5 thousand, Kaia will support top performers in launching their Mini Dapps within LINE Messenger. Kaia Wave VC Alliances and Simsan Ventures will review promising builders for potential investment, fostering a collaborative environment between Web3 fintech developers and major enterprises.

Rep. Byung-deok Min, who proposed Korea’s Digital Asset Basic Act (2025), will deliver a congratulatory speech at the awards event in September. This event is facilitated by Biyard, a Web3 company operating the decentralized, purpose-driven social platform RATEL, which has fostered collaboration among industry, academia, and government.

Won Geon Shin, CEO of KakaoPay, expressed his enthusiasm for the event, stating, “I am delighted to be participating in the judging of insights related to stablecoins, a global hot topic as a daily financial platform for the entire nation. I expect that the ideas from the hackathon will lead to more innovative services for users in line with the policy environment.”

Youngsu Ko, CEO of LINE NEXT, echoed this sentiment, saying, “This Hackathon marks a starting point for activating the use of stablecoins. With Kakao Pay and Kaia, LINE NEXT looks forward to supporting innovative business ideas to speed up the popularization of Web3 services and stablecoins.”

Dr. Sam Seo, Chairman of the Kaia DLT Foundation, highlighted the significance of the collaboration, stating, “I am excited that KakaoPay and LINE NEXT, Kaia’s governance members, and Tether, one of our strong partners, are participating in this hackathon. The cooperation of those involved in our joint effort will ensure the domestic stablecoin sector is established seamlessly. Through this hackathon, Kaia will help found the digital asset fintech industry as another growth engine for Korea, discovering exceptional Web3 business models beneficial to everyone.”

The event is open to anyone interested in stablecoins and Web3, with a focus on financial inclusion, payment system innovation, RWA tokenization, DAO operational efficiency, cross-border remittances, and digital content transactions. Detailed information will be available on Kaia’s official website and its social media channels.