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Kaia, a dominant blockchain ecosystem and Web3 conglomerate in Korea, has shared the details of its upcoming Ideathon co-hosted with Tether Limited, KakaoPay and LINE NEXT. While the concepts of KRW stablecoins and related projects are in focus, RWA and DAO tracks are also waiting for applicants.
Kaia, Tether, KakaoPay and LINE NEXT are running Ideathon: Who can join?
Starting on Aug. 1, 2025, Kaia DLT Foundation (Kaia) will co-host the first Korea Stablecoin Hackathon, with Tether, KakaoPay and LINE NEXT Corp.
This initiative demonstrates Kaia chain’s leadership role in the South Korean digital asset market as well as its strong partnerships that are advancing Asian stablecoin markets, including KRW-pegged ones, following recent regulatory progress that has boosted activity.
To maximize collaboration between Web3 fintech developers and major enterprises, Kaia has partnered with top industry players such as Tether, the world’s largest USD stablecoin provider; KakaoPay, the native payment solution of KakaoTalk, which holds a 95% market share in South Korea; and LINE NEXT, LINE’s Web3 venture, delivering Kaia-powered Web3 services to 196 million users on LINE Messenger worldwide.
Won Geon Shin, CEO of KakaoPay, welcomes all stablecoin segment trailblazers to showcase their projects at the event:
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.
The hackathon features two 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 (KRW 100 million), Kaia will support top performers in launching their Mini Dapps within LINE Messenger. Kaia Wave VC Alliances and Simsan Ventures, a UK- and UAE-based global venture capital firm, will review promising builders for potential investment.
RWAs, DAOs also in focus for hackathon organizers
Meanwhile, Biyard, a Web3 company operating the decentralized, purpose-driven social platform RATEL, has facilitated collaboration among industry, academia and government.
As such, lawmaker Byung-deok Min - who proposed the first bill of the Digital Asset Basic Act of Korea (2025) - will deliver a keynote speech at the awards event in September. Professor Hyung-goo Kang, a member of the Presidential Committee for State Affairs, which draws up the new government’s policy roadmap, will serve as a judge to facilitate alignment between projects and regulatory considerations.
Dr. Sam Seo, Chairman of the Kaia DLT Foundation, is excited by the contribution of all partners who supported the event:
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.
Open to anyone interested in stablecoins and Web3, the event will center on financial inclusion, payment system innovation, RWA tokenization, DAO operational efficiency, cross-border remittances and digital content transactions.
Vladislav Sopov
U.Today Editorial Team