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Crypto

Won stablecoin pilots enter proof stage as industry tie-ups accelerate

Partnerships among banks, fintechs, platforms and blockchain firms around won-denominated stablecoins are accelerating in the second half, with payment and settlement use cases moving into more concrete pilot tests. Companies are running proofs of concept on real-time settlement, on-chain payment flows and links between digital wallets and existing card networks. Cross-border remittances are also emerging as a key testing area. Debate continues over regulation, including issuers, reserve assets and approval requirements.

Finance

Danal posts 115.4 billion won first-half revenue, eyes global payments and stablecoin expansion

Danal said in a filing on Thursday it posted first-half revenue of 115.4 billion won and operating profit of 3.0 billion won on a consolidated basis. On a separate basis, it reported revenue of 92.8 billion won and operating profit of 6.9 billion won. The company expanded its payments business, increased transactions in retail, culture and leisure, and continued investment in new businesses including stablecoins and a foreigner payment platform.

Crypto

Tether completes first annual financial audit, secures KPMG unqualified opinion

Tether completed its first formal audit of annual financial statements and received an unqualified opinion from KPMG US. The audit of Tether’s 2025 financial statements found its reserves exceeded liabilities by $6.814 billion. KPMG independently reviewed transactions, systems, ownership records, valuation and counterparties, and directly verified Tether’s gold holdings. Tether said USDT remains its core business, with a market capitalisation of about $183 billion.