Kaia Public Chain: Asian Social Giants Join Forces to Promote New Blockchain Ecosystem

Recently, the Kaia public chain has become one of the focal points in the crypto market due to the strong performance of its token price. Since its establishment in August 2024, Kaia has been committed to enhancing technical performance and building an ecosystem. Recently, its movements in the stablecoin and payment sectors have sparked widespread discussion among industry investors. Senior officials from the foundation stated, "Kaia's stablecoin summer is coming soon," implying that its fiat-pegged token plan is gradually being implemented.

With the new government in South Korea taking office, supporting the issuance of a Korean won stablecoin has become a new policy trend. The Kaia team announced that it will collaborate with several super apps to launch the Korean won stablecoin. This news has driven up the stock prices of related concept stocks, and the price of the Kaia token also rose from about $0.10 to a high of $0.17, reflecting the market's eager expectations for the prospects of local stablecoin projects in South Korea.

Stablecoin Projects Supported by Policies

After the new South Korean government expressed support for a stablecoin backed by its local currency in 2025, Kaia quickly responded and announced a plan for the Korean won stablecoin. Related concept stocks surged in response, and the market is full of expectations for the Korean won stablecoin.

Kaia's Korean won stablecoin project is being jointly promoted by multiple parties and is currently still in the planning stage, with a specific issuance timetable yet to be determined. Digital wallet infrastructure and QR code payment systems are seen as important support for the development of local stablecoins.

The South Korean government is drafting the "Basic Law on Digital Assets" to discuss the regulatory framework that allows private institutions to issue stablecoins. The bill aims to relax rules for cryptocurrency exchanges and reduce capital requirements for issuers. However, under the South Korean Constitution, the right to issue legal currency belongs to the central bank, and private institutions face legal challenges in issuing fiat-pegged tokens.

The ruling party's Digital Asset Committee in South Korea stated that it will support private issuance and plans to clarify the legal framework for the legalization of stablecoins. The group behind Kaia possesses large-scale payment and financial infrastructure, providing convenient channels for the future use of stablecoins.

Despite the enthusiastic market response, the prospects for the Kaia stablecoin project remain unclear. Issues related to currency sovereignty and anti-money laundering compliance are difficult to overcome, the stablecoin issuance and redemption mechanisms need to be verified, and there are several potential competitors. Several large banks in South Korea have announced plans to jointly issue stablecoins.

Therefore, although Kaia's stablecoin plan has generated much anticipation, there are still many uncertainties regarding whether it can obtain regulatory approval and be successfully implemented.

Social giants join forces, potential user base is enormous

Kaia Public Chain is a large Blockchain network mainly oriented towards the Asian region, formed by the merger of two chains with backgrounds from South Korea and Japan, officially launched in August 2024. Its goal is to reach hundreds of millions of Asian users by seamlessly integrating Web3 services with mainstream social applications.

The two major social platforms dominate their respective markets, with a total user base of over 250 million. Kaia, as a high-performance and easy-to-use public blockchain, is seen as a potential player in promoting the adoption of crypto applications. This year, the Kaia Foundation has received funding support from several investment institutions for ecological incubation and market promotion.

Before the merger, the two original chains had each achieved significant development in their respective countries. After the merger, Kaia inherited the ecological advantages of both chains, achieving a complementarity of technology and users. The official vision emphasizes "putting Web3 at the fingertips of hundreds of millions of users in Asia" and building an efficient platform to support the development of large-scale decentralized applications.

As an Ethereum-compatible Layer 1 public chain, Kaia technically inherits and optimizes the consensus framework. Its network can handle up to 4000 transactions per second, with a block generation time of only 1 second and instant transaction finality. Kaia adopts a consensus mechanism oriented towards enterprise and service scenarios, ensuring that once a block is produced, it is definitively confirmed, eliminating the traditional risk of block rollback.

Kaia supports features like account abstraction and fee delegation to simplify user experience; it integrates identity and payment channels from mainstream social platforms, allowing ordinary users to access on-chain services without extra registration. Kaia also maintains equivalence compatibility with EVM chains and plans to support more smart contract standards; it integrates with industry-leading cross-chain bridges, providing developers with flexible multi-chain interoperability capabilities.

Expand from the gaming field to financial services

At the initial stage of Kaia's launch, user and capital indicators are in the early stages. It ranks approximately in the top fifty globally in the DeFi TVL rankings. The official disclosure states that over 40 million users have accessed the Mini DApp portal. The number of wallets and transaction volume are growing rapidly, but the overall level is still lower than that of mainstream public chains.

Ecologically, Kaia has merged the application ecosystems of two original chains, forming a comprehensive ecosystem covering multiple fields such as DeFi, NFT, GameFi, and RWA. According to official statistics, there are already over 420 decentralized applications and game services that have been or are planned to be launched on the network after the merger.

Along with the mainnet launch, the Builder Support Program Kaia Wave was also introduced, aimed at providing multi-faceted support for promising Dapps, helping them reach more users and gain additional advantages. According to official documents, the program offers a total value of 10 million USD in tokens for user acquisition and rewards.

In the DeFi space, Kaia has launched multiple decentralized exchanges and staking, lending projects, and the platform level also supports stablecoins, cross-chain bridges, and other infrastructure; in terms of NFTs, Kaia inherits the existing user base of the original platform, and its GameFi ecosystem benefits from the user groups and partner resources of two major social platforms.

The Dapp Portal is one of the main tools for the development of the Kaia ecosystem. Users can access games, social interactions, trading, and other Mini DApps within the chat interface without needing to download and install new applications. In January of this year, the first batch of 32 Mini DApps was jointly launched, allowing 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: at the beginning of 2025, it has launched a dollar stablecoin yield product on social platforms, with subsequent 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 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, jointly promoting the use case of "message as entry, on-chain as payment" with industry partners.