LINE NEXT Inc. has launched Unifi, a stablecoin-focused wallet designed to enable seamless use of stablecoins.
Previously known as the Unify Project, Unifi is a dedicated stablecoin wallet directly accessible on LINE Messenger. Users around the world can instantly create a wallet and begin using the service simply by logging in with their social accounts, such as LINE, Apple, Google or Naver. With such convenience, even users with no prior experience in virtual assets can easily use the service. The platform provides an end-to-end stablecoin experience, including deposits, custody, payments, transfers, and rewards, all within a single service.
Unifi currently supports Tether (USD₮), the world’s largest U.S.-dollar stablecoin, with plans to gradually expand support to additional stablecoins in the future.
Unifi is a non-custodial wallet that gives users control over their assets and a flexible management environment designed to maximize convenience. Users receive an annual interest rate of 4%–5% (depending on the deposit amount), and, to celebrate the launch, Unifi is offering a limited-time promotion that provides up to 8% annual interest for USD₮ deposits. The platform also supports 24/7 deposits and withdrawals, allowing users to earn returns even on short-term holdings, with no deposit limits or withdrawal fees. Details regarding interest rates can be found on the Notice section within the service.
“Unifi is designed to help global users securely manage stablecoins while experiencing real-time asset growth,” said Youngsu Ko, CEO of LINE NEXT. “Moving forward, we aim to expand support for stablecoins from various countries and extend Unifi into real-world payment use cases, ultimately evolving into a global virtual asset hub.”
Unifi enables direct stablecoin-to-fiat conversion and remittances to personal bank accounts through SentBe, a global FX solutions provider, which utilizes Triple-A’s Singapore-DPT-licensed off-ramp solution.
In addition, LINE NEXT has integrated the Dapp Portal and Mini Dapp into the Unifi platform to enhance the usability of stablecoins and deliver greater value to users. Through Unifi, users can make payments, participate in missions, and earn rewards across a wide range of apps spanning gaming, social, and content services.
