Kaia, Tether, kakaopay, and LINE NEXT to Host 'Stablecoin Hackathon' Kaia, Tether, kakaopay, and LINE NEXT to Host 'Stablecoin Hackathon' Kaia, Tether, kakaopay, and LINE NEXT to Host 'Stablecoin Hackathon' Kaia, Tether, kakaopay, and LINE NEXT to Host 'Stablecoin Hackathon' Kaia, Tether, kakaopay, and LINE NEXT to Host 'Stablecoin Hackathon'

Kaia will co-host the '1st Korea Stablecoin Hackathon' with Tether, kakaopay, and LINE NEXT starting August 1.

Held under the subtitle 'Korea's Stablecoin Industry: Leaping Beyond Innovation to G2,' this hackathon aims to discover innovative stablecoin-based business models and use cases in the domestic Web3 fintech industry, which has recently gained attention following a bill proposal.

The hackathon will feature a total prize pool of ₩100,000,000 and consists of two tracks: the Korean won stablecoin ideathon and the Kaia-based USDT hackathon. Kaia, in collaboration with key partners, will provide an opportunity to launch mini dapps in the LINE messenger and will support outstanding projects in implementing real business models within the Kaia ecosystem.

The hackathon will run for about a month until early September and is open to anyone interested in stablecoins or Web3, including developers, planners, designers, university (and graduate) students, and current or aspiring entrepreneurs. Winners will be selected based on criteria such as financial inclusion, payment system innovation, real world asset (RWA) linkage, DAO efficiency, cross-border remittance, and digital content transactions.

At the demo day and awards ceremony scheduled for September 3, Min Byung-deok, a member of the Democratic Party of Korea and the initial proposer of the Digital Asset Basic Act, will attend and offer congratulations. He plans to emphasize the importance of private sector-led stablecoin ecosystem development and policy cooperation.

Shin Won-keun, CEO of kakaopay, stated, "As a daily financial platform for the public, we are pleased to judge innovative ideas in the globally trending stablecoin sector. We hope the projects discovered at the hackathon will become practical services in line with changes in policy."

Go Young-soo, CEO of LINE NEXT, said, "This hackathon is a starting point toward stablecoin activation," and emphasized, "We will accelerate the popularization of stablecoins and Web3 services by identifying and supporting innovative business ideas."

Seo Sang-min, Chair of the Kaia DLT Foundation, expressed, "It is meaningful that governance members like kakaopay and LINE NEXT, as well as key partners such as Tether, are participating in this hackathon," adding, "We will drive a change in perception toward the digital asset-based fintech industry and continue to discover practical Web3 business models."