Kaia (@KaiaChain) has recently been focusing heavily on stablecoin strategies, and I'm curious about their developments. Among them, the collaboration with JPYC (@jpyc_official) stands out in Japan.
JPYC plans to issue a yen-denominated stablecoin based on the revised Payment Services Act, which directly ties into Kaia's vision of a payment OS that consolidates multiple Asian currencies. By incorporating the yen rail in a regulation-compliant manner, real-world use cases for payments, remittances, salaries, and e-commerce are becoming more tangible.
Especially when combined with LINE's "Project Unify," there is a high possibility that cross-border remittances and payments between JPY and various Asian currencies will become seamless, so I'm keeping an eye on how the collaboration between Kaia and JPYC expands in the market 👀.
How do stablecoins scale across borders? LINE NEXT, JPYC, and Kaia Foundation explore the path from local to global adoption.
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