Kaia Public Chain's Stablecoin Program and Ecological Development

Recently, the Kaia public chain has become the focus of the crypto market due to the strong upward trend of its token. Since its launch in August 2024, Kaia has been continuously making efforts in technical performance and ecological construction. Recently, its actions in stablecoin and payment scenarios have sparked heated discussions among industry investors. Senior officials from the foundation stated, "The summer of Kaia's stablecoin is coming soon," implying that its fiat-pegged coin plan is entering the implementation stage.

After the new government in South Korea took office, the support for the issuance of stablecoins pegged to the Korean won became a new policy direction. The Kaia team announced plans to collaborate with several super apps to launch a Korean won stablecoin. This news has sparked a strong market reaction, with related concept stock prices soaring, and the price of the Kaia token rising from nearly $0.10 to a peak of $0.17, reflecting the market's expectations for the prospects of locally issued stablecoin projects in South Korea.

South Korea's Stablecoin Policy and Opportunities for Kaia

In 2025, after the new South Korean government proposed a policy to support the local currency stablecoin, Kaia swiftly responded and announced plans to launch a Korean won stablecoin. Following the release of this news, the prices of related concept stocks surged, and the market is filled with expectations for the Korean won stablecoin.

Kaia's Korean won stablecoin project is still in the planning stage, with no specific issuance timetable yet. With its digital wallet infrastructure and QR code payment system, the relevant partners are also seen as potential beneficiaries of the local stablecoin.

The current South Korean government is formulating the "Basic Law on Digital Assets" and discussing a regulatory framework that allows private institutions to issue stablecoins. The draft bill aims to relax the rules for cryptocurrency exchanges, allowing non-bank institutions and payment service providers to issue stablecoins. Under this framework, the approval authority for stablecoin issuers will be under the Financial Services Commission. The bill also significantly lowers the regulatory threshold, reducing the capital requirement for issuers from 5 billion KRW to 500 million KRW.

However, according to the South Korean Constitution, the right to issue legal tender belongs to the central bank, and private institutions face legal obstacles in issuing fiat-backed tokens. The Bank of Korea has expressed concerns about these proposals, believing that indiscriminately issuing stablecoins denominated in Korean won may affect the competitiveness of the won.

In terms of policy inclination, the head of the ruling party's digital asset committee in South Korea stated that they will support private issuance and plan to specify the legalization of stablecoins in the "Fundamental Law." The partners that Kaia relies on have large-scale payment and financial infrastructure, which provides a convenient channel for the actual use of stablecoins in the future.

Despite the enthusiastic market response, the prospects of the Kaia stablecoin project remain uncertain. Issues of monetary sovereignty and compliance with anti-money laundering regulations are still difficult to overcome, and the issuance and redemption mechanisms of stablecoins need to be verified. In addition, several potential competitors have also targeted this market. During the South Korean central bank's experiments with tokenized deposits and wholesale central bank digital currency, several large banks have announced plans for a joint issuance of stablecoins.

Therefore, Kaia's stablecoin plan has attracted market attention, but it still faces many challenges in obtaining regulatory approval and being successfully implemented.

Kaia Public Chain: A Blockchain Network Created by Social Giants

Kaia public chain is a large blockchain network primarily aimed at the Asian region, formed by the merger of two blockchain platforms with social media backgrounds, officially launching in August 2024. Its goal is to seamlessly integrate Web3 services to reach hundreds of millions of Asian users.

The two major social platforms have a huge user base in South Korea and Japan, respectively. One has nearly 95% penetration in South Korea, with about 50 million monthly active users; the other covers 70% of the population in Japan and dominates markets in Thailand and Taiwan. Based on the distribution capability of over 250 million users across these two platforms, Kaia has always been regarded as one of the "potential stocks" to promote the popularization of crypto applications. This year, the Kaia Foundation has raised external funds from multiple investment and financing institutions to support ecological incubation and market promotion.

Before merging into Kaia, the two original blockchain networks achieved significant results in their respective fields. One network realized a 1,100% user growth in 2023, reaching 873,000; the other network provided an NFT platform, accumulating over 5.6 million users and completing approximately 560,000 NFT transactions. After the merger, Kaia inherits the ecological advantages of both networks, including applications in DeFi, gaming, NFTs, and payments, to achieve the complementarity of technology and users.

As an Ethereum-compatible Layer 1 public chain, Kaia technically inherits and optimizes the IBFT consensus framework. According to the official documentation, the Kaia network can handle up to 4000 transactions per second, with a block generation time of just 1 second and instant transaction finality. Kaia employs a BFT consensus designed for enterprise and service scenarios, ensuring that once a block is produced, it is definitively confirmed, eliminating the traditional risk of block rollback.

Kaia's technical features include support for account abstraction and fee delegation, significantly simplifying the user experience; at the same time, it integrates the identities and payment channels of two major social platforms, allowing ordinary users to access on-chain services without additional registration. Kaia also maintains compatibility with EVM chains like Ethereum and plans to support CosmWasm smart contracts; with industry-leading cross-chain bridge integration capabilities, it provides developers with flexible multi-chain interoperability.

Kaia's Ecological Development

At the early stage of its launch, Kaia's user and fund metrics were at a starting phase. By mid-2025, Kaia ranked approximately in the top fifty globally in terms of DeFi TVL. In terms of on-chain activity, the official disclosure revealed that over 40 million users have accessed the Mini DApp portal. The number of wallets and transaction volume grew rapidly in the early stage of the launch, but the overall level still lags behind mainstream public chains.

Ecologically, Kaia has formed a comprehensive ecosystem covering multiple fields such as DeFi, NFT, GameFi, and Real-World Assets (RWA). According to official statistics, there are already over 420 decentralized applications and gaming services that have been or are planned to be launched on the Kaia network after the merger.

In terms of ecological construction, Kaia has launched the Builder Support Program Kaia Wave, aimed at providing multi-faceted support for promising Dapps. The program offers a total of $10 million worth of KAIA tokens for user acquisition and rewards.

In the DeFi space, Kaia has launched multiple decentralized exchanges and staking, lending projects, and the platform also supports infrastructure such as stablecoin and cross-chain bridges. In terms of NFTs, Kaia inherits the existing user base of the original platform. Its GameFi ecosystem benefits from the user groups and partner resources of two major social platforms, with some game developers starting to launch mobile games, NFT items, and other content on Kaia.

The Dapp Portal is one of the main tools for the development of the Kaia ecosystem. Users can access the Dapp Portal through the official accounts on social media platforms without the need to download and install any new applications, allowing them to access games, social interactions, trading, and other Mini DApps directly within the chat interface. In January of this year, Kaia jointly launched the first batch of 32 Mini DApps, enabling users to create wallets, play games, claim rewards, and trade NFTs with just one click.

In its official strategy, Kaia is gradually expanding from the gaming sector to financial services and general applications: in early 2025, it launched a USD stablecoin yield product on a social platform, with future plans including the introduction of lending, perpetual contracts, payment, and asset tokenization DeFi protocols, as well as achieving seamless exchange functionality between the Korean won and stablecoins.

In May of this year, a well-known stablecoin issuer officially deployed its US dollar stablecoin on Kaia, providing stablecoin payment and cross-border transfer services to nearly 200 million users, marking Kaia's further expansion in the international stablecoin ecosystem. Overall, Kaia is accelerating the construction of a platform-level ecosystem, working with industry partners to promote the usage scenario of "message as an entry, on-chain as payment."