To summarize Kaia's recent status:
Went all-in on Unifi.
All projects that were building while passing things around to each other collapsed.
Directly set up investment corporation in Singapore and proceeding with RWA there as stablecoin interest distribution form.
Giving 7% just for depositing USDT, and 3% more if you hold Kaia.
Recently rolling assets with direct RWA investment and led by LINE, working on Pay side connecting with JPYC.
+ Seems completely done with Kakao. Should rather think of it as LINE Next chain.
After getting backstabbed everywhere, now the intention is to eat directly.
FSC reviewing legalization of coin market making Source • Current User Protection Act prohibits as market manipulation • Order settlement·listing·abnormal transaction monitoring, self-regulation → public oversight review • JPYC yen stablecoin Upbit surge case as precedent • Won stablecoin also under review for inclusion in Digital Asset Basic Act
: : [Asia/Report] ASA Report: Everything About Asian Digital Currency. Authors: Eren, 100y, Moayed - Asia's digital currency is forming not as a single path of stablecoins but as a structure where CBDCs, deposit tokens, and stablecoins coexist. While the U.S. and Europe treat public chain stablecoins as the default for digital currency, Asia is pursuing CBDCs and deposit tokens as major options in parallel. Some cases pursue double-layer structures at the national level, placing deposit tokens in circulation above CBDCs as the final settlement method, concentrated in Asia. - The strategies of 10 Asian countries divide into three broad models. South Korea, Japan, and the Philippines are comprehensive full-layer design types that place CBDCs, deposit tokens, and stablecoins all within the regulatory framework. China, India, and Indonesia are closer to top-level control types that strengthen CBDCs while blocking or controlling stablecoins tied to national assets. Singapore, Hong Kong, and UAE fall under inverted pyramid types that treat stablecoins as export products for financial hubs. - Asian policymakers' preference for CBDCs and deposit tokens is deeply connected to calculations of protecting currency sovereignty and existing financial system stability. The key reasons include digital dollarization where net inflows of dollar stablecoins trigger currency depreciation and rising dollar procurement costs, integrated settlement networks centered on a few large banks that already operate as payment infrastructure, and avoidance of institutional friction around bank deposit flight. - Policy intent and market demand don't necessarily move in the same direction. Asia-originating stablecoin transaction flows amount to $245B annually, representing 60% of the global total. South Korea has the largest volume of transactions in won-denominated stablecoins in Asia at approximately $65B over 12 months, yet all trading currencies are USDT and USDC. In India, Vietnam, and China, demand is forming through offshore channels regardless of tax regulations or prohibitions. - The opportunity for local currency stablecoins lies not in becoming a global standard currency, but in becoming a gateway connecting domestic currency to dollar rails and on-chain finance. Specifically, three markets open up: dollar-standard rail access (XSGD, JPYC, PHPC), multi-country payments through on-chain FX, and on-chain capital market cash legs. Particularly, deposit tokens face difficulty being incorporated into DeFi liquidity pools due to their legal nature as bank liabilities—this is a market only stablecoins can open. - Asia is not one market. With over 40 countries and more than half the world's population gathered in this region, the world
✅ Last week there was talk that Upbit listing didn't happen because of JPYC, could it be true.,.? Looks like the National Assembly was also monitoring this.. https://n.news.naver.com/article/366/0001194597
Upbit JPYC high-price purchase 21,000 people, average unrealized loss 1.32 million won per person Source Stablecoin despite high-price purchases right after listing due to insufficient trading volume after listing causing wide gap between reference price and trading price. • 9/17~21 reference price 10%+ high-price purchases 21,219 people (Rep. Park Min-gyu's office) • Purchase amount 259.8 billion won • Reference price 300%+ purchases 2,574 people (8.2 billion won) • Holdings as of 9/21 3,792 people, average unrealized loss 1.32 million won • Realized gains made by investors 33% (average 450,000 won)
