LINE NEXT, the Web3 subsidiary of LY Corporation, will globally launch Unifi Pay in Q3 2026. The stablecoin-based payment infrastructure will support three tokens: USDT, JPYC, and IDRP.
Unifi Pay builds on the Unifi stablecoin wallet launched in March 2026. It adds merchant-facing payment processing to the existing wallet's deposit and custody functions. The three supported stablecoins each target a different currency peg: USDT for the US dollar, JPYC for the Japanese yen, and IDRP for the Indonesian rupiah.
The service is offering merchants 0% payment fees and near-instant settlement. Onboarding uses e-KYC-linked bank transfers, allowing users in Japan and Indonesia to convert local currency into stablecoins via the LINE app.
The system operates on the Kaia Layer-1 blockchain, a collaboration between Kakao and LINE.
LINE is the dominant messaging app in Japan, Indonesia, Taiwan, Thailand, and Korea, with hundreds of millions of active users. JPYC circulation on the Kaia blockchain recently exceeded 330 million JPY, roughly 2.2 million US dollars.
Pre-registration for developers and merchants is open. LINE NEXT plans to add more local stablecoins pending regulatory approval in each market.