- LINE NEXT has launched Unifi, a non-custodial stablecoin platform, now available globally as it expands beyond Asia.
- Unifi supports USDT, offering users up to 8% annual interest during a promotional period with no withdrawal fees.
- The platform simplifies onboarding by allowing sign-ins via LINE, Google, Apple, or Naver accounts, targeting mainstream adoption.
LINE NEXT, the Web3 subsidiary of LY Corporation, has launched Unifi, a stablecoin platform now available globally as the company pushes into Western markets. The app, backed by SoftBank and Naver, leverages LINE‘s 194 million monthly active users across Japan, Taiwan, Thailand, and Indonesia.
Unlike traditional crypto wallets, Unifi is a non-custodial platform where users control their assets, currently supporting USDT. Users can send, receive, and make payments through supported apps while earning base annual returns of 4% to 5% on deposits, with promotional rates up to 8%.
Meanwhile, LINE NEXT is encouraging users to bridge USDT to the Kaia blockchain by covering bridge fees during a limited-time promotion. The company raised $140 million in late 2023 from a consortium led by Crescendo Equity Partners, making it one of Asia’s largest Web3 funding rounds that year.
The platform simplifies onboarding, allowing sign-ins through existing LINE, Google, Apple, or Naver accounts rather than complex processes. Consequently, Unifi aims to reduce adoption barriers by integrating stablecoin services into a familiar ecosystem of millions of daily users.
To learn more, visit the Unifi website or X page.
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