Netstars and Kaia partner to advance cross-border stablecoin payments in Asia

Japanese payment provider Netstars (Netstars) has signed a memorandum of understanding with the Kaia DLT Foundation, the operator of the L1 blockchain Kaia (Kaia), to integrate stablecoins into the StarPay and Stablecoin Pay networks. The partnership aims to introduce Kaia-based stablecoin payments at physical stores in Japan, exploring support for currencies including the Korean Won, Hong Kong Dollar, New Taiwan Dollar, and major Southeast Asian currencies. Netstars currently serves approximately 700,000 merchants with an annual transaction volume exceeding 2 trillion yen.