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LINE NEXT, the Web3 subsidiary of LY Corporation, announced plans to globally launch Unifi Pay in Q3 2026. The stablecoin-based payment infrastructure will initially support three tokens: USDT, JPYC, and IDRP.
What Unifi Pay actually does
Unifi Pay is built on top of the Unifi stablecoin wallet, which launched on March 9, 2026. The wallet already handles stablecoin deposits, custody, payments, and rewards. Unifi Pay adds the merchant-facing payment infrastructure on top of that foundation.
The three supported stablecoins at launch each serve a different currency peg. USDT is pegged to the US dollar, JPYC to the Japanese yen, and IDRP to the Indonesian rupiah.
LINE NEXT is offering 0% payment fees for merchants and developers. The service also promises near-instant settlement times. For onboarding, Unifi Pay uses e-KYC-linked bank transfers, allowing users in Japan and Indonesia to verify their identity electronically and convert their local fiat currency into stablecoins directly through the LINE app.
The entire system operates on the Kaia Layer-1 blockchain, which was established through a collaboration between Kakao and LINE.
Why LINE’s distribution matters
LINE is the dominant messaging app across Japan, Indonesia, Taiwan, and Thailand, with significant presence in Korea as well. The app counts hundreds of millions of active users across these markets.
JPYC circulation on the Kaia blockchain exceeded 330 million JPY in just one month. That’s roughly $2.2M at current exchange rates.
Pre-registration for developers and merchants is already open, with the company offering rewards and marketing support during the early access period. The company has also indicated plans to incorporate additional local stablecoins beyond the initial three, contingent on regulatory approval in each market.
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