Topic
south korea
6 stories
South Korea's budget office pegs stablecoin savings for merchants at up to $3.8B — and lists the risks in the same breath
South Korea's National Assembly Budget Office estimated won-denominated stablecoins could cut merchant payment fees by 370 billion to 5.15 trillion won a year, while warning of risks to banks and token pegs.
Dunamu and Visa sign stablecoin and AI partnership, with Open USD "under review"
Upbit operator Dunamu says it has signed a strategic partnership with Visa on stablecoin payments, remittances and AI-driven finance, two days after Visa struck a similar deal with Shinhan Financial Group.
Bithumb sets 2028 IPO date, with a 2027 filing and an accounting overhaul in between
Bithumb says it will file for a preliminary listing review in 2027 and complete an IPO in 2028, three years after its original target, following a promotional payout error that drew a regulatory probe.
Seoul police detain two over fake Flare staking site that took 3.4 million XRP
Seoul police say two men have been detained over a counterfeit Flare Network staking site that took 3.4 million XRP from 71 people, with a third suspect abroad and the total possibly reaching $19 million.
Solana Foundation signs non-binding MOU with Korean payment processor KSNET
Solana's official account says Korean payments processor KSNET has signed a memorandum of understanding with the Solana Foundation to integrate Solana Pay across a merchant network it describes as 330,000-plus strong.
Optimism and Toss sign MOU to explore a Won-backed stablecoin — nothing built yet
Optimism and South Korean fintech app Toss signed a non-binding MOU to explore a Won-backed stablecoin on the OP Stack, announced via Optimism's own promotional post.