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Tether Partners With LINE to Bring USDT to 196 Million Monthly Users

Tether Partners With LINE to Bring USDT to 196 Million Monthly Users

Tether Partners With LINE to Bring USDT to 196 Million Monthly Users

Tether and LINE messaging app announced a strategic partnership Tuesday that will enable LINE's 196 million monthly users across Asia to send and receive USDT stablecoins within the popular messaging platform. The integration will deploy Tether's stablecoin on LINE NEXT's native blockchain, Kaia, allowing for in-app payments and cross-border transfers.


What to Know:

  • LINE has 196 million monthly users primarily in Japan, Thailand, Taiwan, and Indonesia
  • The partnership will integrate USDT into LINE's messenger-based Mini DApp ecosystem
  • Initial features include peer-to-peer transfers and rewards, with expansion planned to other app functions

Tether CEO Paolo Ardoino emphasized the partnership's significance, stating, "Through LINE NEXT's blockchain infrastructure, over 200 million LINE users will now have a straightforward way to engage with digital assets in everyday life."

He added that Tether's expansion to Kaia underscores its "commitment to fostering stablecoin adoption across Asia and beyond."

The alliance comes at a time when messaging apps bundled with financial services have become increasingly common throughout Asia. LINE, which users already utilize for messaging, payments, hotel bookings, and restaurant reservations, provides a natural platform for stablecoin integration.

Sam Seo, Chair of the Kaia DLT Foundation, indicated that the collaboration aims to bring "the fastest, easiest, and most reliable" USDT experience to LINE users, DeFi applications, and centralized exchanges. The partnership leverages LINE's existing payment infrastructure and considerable user base to create what LINE NEXT CEO Youngsu Ko described as "a dollar-based gateway in Asia."

Tether's Recent Strategic Moves

The LINE partnership represents just one of several recent strategic wins for Tether despite regulatory challenges in the European Union. On April 23, the stablecoin issuer entered into a significant partnership with Japan's SoftBank and Wall Street firm Cantor Fitzgerald to invest 1.6 billion worth of its Bitcoins in a new crypto venture called Twenty One Capital.

This collaborative venture is valued at $3.6 billion, with Tether and crypto exchange Bitfinex maintaining majority ownership. Twenty One Capital launches with 42,000 bitcoins, positioning it as the world's third-largest bitcoin treasury.

For Tether, the arrangement strengthens its market position while providing legitimacy through association with established financial institutions.

The company has also focused on technological and regulatory advancements. Tether recently launched an open-source AI platform designed to enhance crypto-related applications, including payment systems. Additionally, to improve regulatory transparency, the company partnered with Chainalysis to monitor secondary market activities and ensure compliance across its tokenization platform, Hadron.

These partnerships and technological developments occur as Tether continues expanding its influence in the cryptocurrency ecosystem. The LINE integration specifically targets Asia's tech-savvy population, where messaging apps have long incorporated financial services. The move potentially positions Tether to compete with regional payment services while bringing cryptocurrency functionality to millions of regular LINE users who might not otherwise engage with digital assets.

Closing Thoughts

Tether's partnership with LINE represents a significant step in mainstream stablecoin adoption across Asia. By integrating with a platform already used by nearly 200 million people for daily activities, Tether gains access to a massive user base while LINE enhances its financial service offerings. This collaboration, alongside Tether's other recent strategic initiatives, signals the company's continued efforts to expand its global presence despite varying regulatory landscapes.

Disclaimer: The information provided in this article is for educational purposes only and should not be considered financial or legal advice. Always conduct your own research or consult a professional when dealing with cryptocurrency assets.
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