Coupang and Woori Bank said they have completed a proof-of-concept (PoC) validating real-time payments and settlement using a Korean won-denominated stablecoin, a step that could accelerate merchant cashflow if South Korea’s regulatory framework for fiat-backed tokens continues to mature.
In a statement released Monday UTC (Monday ET), Coupang confirmed that the pilot tested the full transaction lifecycle—from checkout to instant settlement and the required ‘on/off-ramp’ between bank money and stablecoins—under conditions designed to mirror a live commercial service. The companies described… Read more
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