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Many Asian markets are rolling out their own local stablecoins. Hong Kong is one of the leaders of global stablecoin and blockchain technology adoption. The city has always inspired me with its talent and the projects that emerge from here 🇭🇰
I recently caught up with my friend Larry Lin @ImSmolpotato, Global Partnerships Lead at Kaia Chain. He told me about his journey at Kaia Labs the new project he is actively building with his team - @RatioFX ✨
Ratio is building the on-chain FX layer for Asia’s stablecoin ecosystem connecting capital and liquidity across the region while keeping costs low, staying compliant, and operating at real-world scale.
🎙️ Full conversation below:
(0:33) Kaia's origin story: merger of Klaytn and Finschia backed by Kakao and LINE, challenges of merging two blockchains and corporate cultures
(1:53) Kaia's 2026 strategy: shifting focus to stablecoins and onchain finance
(2:51) How Kaia's LINE dApp portal differs from Telegram
Initial dApp portal focus: gaming and consumer apps for Web2 users
(5:02) Balancing APAC dominance vs. Western expansion
(7:43) RWA tokenization as a key 2026 narrative and Kaia's Project Pegasus
(8:32) Meet Ratio: on-chain FX stablecoin orchestration layer for Asia
(11:10) The problem Ratio solves and how it delivers Web2-level exchange rates onchain
(14:27) Ratio's B2B model and regulated/compliant institutional approach
(17:10) Ratio + Kaya: no separate L1 planned and why
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