Kaia, Tether, and LINE NEXT Co-host a Hackathon to Launch Kaia USDt-powered DeFI Mini Dapps

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Kaia DLT Foundation (Kaia) will co-host the “Kaia Wave Stablecoin Summer Hackathon” with Tether and LINE NEXT Corp. This initiative aims to identify exceptional and practical Kaia USDt- and stablecoin-powered DeFi projects, turning their innovative ideas and enthusiasm into reality within the Dapp Portal ecosystem of LINE Messenger, which has 194 million monthly active users.

Enabling users to engage in stablecoin trading, staking, and yield-generating activities, the award-winning teams will make a debut as Mini Dapps within Dapp Portal, while tapping into Kaia’s robust Web3 ecosystem and business network. Additionally, the hackathon will align its pipeline with Kaia Wave Season 2, an ecosystem program that supports Mini Dapp builders.

With investment credits of up to USD 1 million combined with the direct prize fund of USD 170,000, offered across ten outstanding projects, applications will be accepted starting today through DoraHacks (dorahacks.io/hackathon/kaia-stablecoin-summer/detail). The event will also feature an offline kickoff session at WebX Tokyo on August 25. The finalists will showcase their initiatives at the online Hackathon Final event scheduled for September 30.

A host of partners associated with the Kaia chain ecosystem join forces as sponsors and community partners to motivate top-tier Dapp developers worldwide, including Cicada, Dune Analytics, CertiK, ANKR, Hacken, Animoca Brands, Caladan, SNZ Holding, and other community partners. Detailed information is now available on Kaia’s official website and its social media channels (https://x.com/KaiaChain).

“This Hackathon marks as a starting point for activating the use of stablecoins globally,” said Youngsu Ko, CEO of LINE NEXT. “With Tether and Kaia, LINE NEXT looks forward to supporting innovative business ideas to speed up the popularization of Web3 services and stablecoins.”

“Collaborating once again with Tether and LINE NEXT, this builder-focused initiative will help Kaia connect with global stablecoin DeFi projects, which will develop into competitive Mini Dapps for millions of LINE users,” said Dr. Sam Seo, Chairman of the Kaia DLT Foundation. “Through various developer engagement events, we aim to identify groundbreaking Dapps to lead the Kaia ecosystem and grow collaboratively.”

Kaia Wave Stablecoin Summer Hackathon will run in parallel with Kaia’s another stablecoin-themed hackathon, “The First Korea Stablecoin Hackathon,” which is co-hosted by Tether, KakaoPay, and LINE NEXT, starting August 4, 2025 (Registration: https://www.kaia.io/korea-stablecoin-hackathon).

About Tether and USD₮

Tether is a pioneer in the field of stablecoin technology, driven by an aim to revolutionize the global financial landscape. With a mission to provide accessible and efficient financial, communication, artificial intelligence, and energy infrastructure. Tether enables greater financial inclusion, and communication resilience, fosters economic growth, and empowers individuals and businesses alike.

As the creator of the largest, most transparent, and liquid stablecoin in the industry, Tether is dedicated to building sustainable and resilient infrastructure for the benefit of underserved communities. By leveraging cutting-edge blockchain and peer-to-peer technology, it is committed to bridging the gap between traditional financial systems and the potential of decentralized finance.

About LINE NEXT Corporation

Based in Korea with offices in the United States and Japan, LINE NEXT Corporation is focused on developing global services and businesses based on Web3 and games.

About KaiaKaia is a high performance public blockchain that brings Web3 to the fingertips of hundreds of millions across Asia. Formed through the merger of the Klaytn and Finschia blockchains that were initially developed by Kakao and LINE respectively, Kaia is Asia’s largest Web3 ecosystem integrated with the Kakaotalk and LINE messengers that have a combined user base of over 250 million – all of whom can experience Web3 with the ease and speed of Web2 within their favourite messenger superapp to connect, create, collaborate, and contribute to the ecosystem. Learn more at www.kaia.io.

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