LINE NEXT, the U.S.-based affiliate of LINE & Yahoo!, will launch its stablecoin-powered payment infrastructure, Unifi Pay, globally during the third quarter after opening preregistration for developers worldwide.
The platform builds on the company’s Unifi wallet and aims to simplify digital payments for businesses, creators, and application developers through faster settlements and lower transaction costs. The announcement follows a year-long beta program that processed 100 billion Korean won in cumulative payment and settlement volume.
Source: COINPOST
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Unifi Pay Expands Stablecoin Payments
Unifi Pay will initially support USDT alongside the Japanese yen-backed JPYC and Indonesia’s rupiah-backed IDRP. Users in Japan and Indonesia can fund supported stablecoins directly from bank accounts after completing online identity verification.
LINE NEXT also plans to introduce additional local stablecoins in markets where regulations permit, reflecting a strategy focused on localized digital payment infrastructure instead of relying solely on U.S. dollar-based assets.
The launch highlights the growing popularity of stablecoins, with firms exploring blockchain-based payment systems that decrease delays and reduce costs associated with payments.
In contrast to conventional cross-border payment platforms, stablecoins allow near-instant transfer of value without losing their stability since they are backed by fiat money. Using several local stablecoins alongside direct bank payments, LINE NEXT has positioned Unifi Pay as a platform for making payments in regional and foreign markets instead of crypto trading.
LINE NEXT Targets Developers With Unifi Pay SDK
Through the Unifi Pay SDK, the company is going to assist the developers, the AI builders, the startups, and the creators to be able to integrate the payment services effortlessly.
Through the use of their agent-to-agent flow, it is possible for developers to build the payment pages in about ten minutes using one command. The wallet balance might also get rewarded annually by five percent depending on the stablecoin that is being used.
Unifi Pay Signals Broader Fintech Strategy
The latest development is a follow-up to the growth seen in the Unifi ecosystem by LINE NEXT in terms of offering wallet solutions in the LINE app and stablecoin payment across borders through collaborations.
In this regard, the firm has adopted a non-custodial approach whereby the users get the chance to manage their assets while conducting transactions from within known digital platforms.
Looking ahead, the future of Unifi Pay depends on whether the number of developers who adopt it is high, whether regulatory bodies approve more stablecoins locally, and whether merchants join the wagon.
If an extensive community adopts the platform, then it can ensure that stablecoins are used for payment purposes and not just for speculation and expand blockchain-powered trading globally.
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