Netstars and Kaia Sign Memorandum of Understanding to Promote Cross-Border Stablecoin Payment Applications in Asia

TechFlow reports that on September 11, Japanese payment service provider Netstars announced it has signed a memorandum of understanding with Kaia DLT Foundation, the operator of the Layer 1 public chain Kaia. The two parties will collaborate under the "StarPay-X" initiative to integrate Kaia ecosystem stablecoins into Netstars' "StarPay" and "Stablecoin Pay" payment networks.

Key areas of cooperation include introducing Kaia-based stablecoin payments in physical stores in Japan, exploring support for stablecoins denominated in South Korean won, Hong Kong dollar, New Taiwan dollar, and major Southeast Asian currencies, and jointly verifying solutions for multi-currency stablecoin transactions, liquidity, and settlement. Netstars currently covers approximately 700,000 merchants across its payment network, with an annual transaction volume exceeding 2 trillion yen. Kaia is an EVM-compatible public chain whose ecosystem includes over 420 decentralized applications and a potential user base exceeding 250 million.