Financial groups race to partner with big tech for stablecoin edge

Financial groups race to partner with big tech for stablecoin edge

Major holding companies in Korea are racing to form partnerships with large tech firms, notably Naver, Kakao, and Samsung Electronics, to gain an e...

Visa Bets on Stablecoins and AI to Transform Global Commerce for Creators

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South Korea financial groups race to issue stablecoins

South Korea’s top financial holding companies are racing to partner with big tech companies as they gear up to launch stablecoin projects amidst industry hype. In a recent report by The Korea Times, four of the largest financial institutions in…

Korean Financial Groups Partner with Tech Firms as Stablecoin Market Expands

Major holding companies in South Korea are accelerating efforts to forge partnerships with major tech firms, notably Naver, Kakao, and Samsung Electronics, as they seek an advantage in the rapidly emerging stablecoin market. The move, led by KB, Shinhan, Hana, and Woori Financial Groups, comes as domestic stablecoin transactions have already surpassed 60 trillion won (US$41.15 billion), despite the market not yet being fully legalised. According…