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Finance
Hecto Financial joins global AI payment standard x402 to accelerate AI agent payments
Hecto Financial is stepping up its AI agent payment business by taking part in building a global AI payment standard. The company said on July 20 it joined the x402 Foundation, an open-source project developing standards for AI agent payments. It plans to combine its existing payment and settlement infrastructure with the Circle Payment Network and x402. Hecto Financial also completed a proof of concept based on Google’s AP2 standard and aims to commercialise it in the third quarter.
Crypto
Stablecoin land grab intensifies as banks and fintech form alliances
South Korea\'s finance and fintech sectors are stepping up competition to pre-empt the stablecoin market even as legislation remains stalled in parliament. Banks are moving to secure issuance rights through consortia and technology partners, while fintech firms and exchanges focus on controlling mainnets and payment networks. Global players are also positioning in networks and settlement infrastructure. The article says the battle for won and dollar stablecoin leadership is already under way.
AI & Enterprise
Hekto Innovation\'s Q1 consolidated revenue tops 100 billion won for first time, expands investment in new businesses
Hekto Innovation said on Thursday its quarterly revenue topped 100 billion won for the first time, driven by growth in its IT services business and expanded results in fintech and healthcare. The company posted 112.3 billion won in consolidated revenue and 14.6 billion won in operating profit for the first quarter of 2026, up 25.4 percent and 24.1 percent from a year earlier. It plans to accelerate a stablecoin ecosystem centered on its Hekto Wallet One blockchain infrastructure.
