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Japan's Netstars teams up with Kaia to expand stablecoin payments across Asia

AI Market Summary
Netstars signed an MOU with the Kaia DLT Foundation to integrate Kaia-based stablecoins into Netstars' StarPay and Stablecoin Pay for in-store payments in Japan. The initiative targets stablecoins pegged to KRW, HKD, TWD and Southeast Asian currencies, expanding real-economy payment rails and potential transaction throughput on Kaia. Near-term impact is primarily on Kaia ecosystem activity and partner-driven adoption narratives.
Impact level
● Medium
Affected assets
KAIA/USDT+4.47%
AI Insight · KAIA/USDTAI Insight
▲ Bullish
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ME News reported that on Sept. 11 (UTC+8), Japanese payments provider Netstars said it signed a memorandum of understanding with the Kaia DLT Foundation, which operates the Layer 1 blockchain Kaia, to accelerate stablecoin adoption for in-store payments in Japan. Under the partnership, stablecoins issued on Kaia will be connected to Netstars' StarPay and Stablecoin Pay services, with the goal of enabling Japanese retailers to accept stablecoins pegged to the Korean won, Hong Kong dollar, New Taiwan dollar and currencies across Southeast Asia. (Source: Foresight News)
KAIA
KAIA+4.86%
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