Blockchain infrastructure firm DSRV will work with Nice Information & Telecommunication and Japan\'s SBI Digital Trust to verify a Korea-Japan remittance and payment model using stablecoins. The three companies signed a tripartite memorandum of understanding on Sept. 30 at Nice Information & Telecommunication\'s headquarters in Seoul. They will test a scenario in which Japanese users pay via QR code at Korean merchants and design a settlement structure using stablecoins, targeting completion by end-December.

Korea\'s online investment-linked finance industry is accelerating mid-rate lending to mid-to-low credit borrowers and sole proprietors after regulatory improvements. The Financial Services Commission plans to raise self-funding investment limits and financial-company linked investment caps, and expand limits for general investors. Major financial institutions are also stepping up CEO selection processes, while regulators tighten oversight of bank asset quality, governance and internal controls. Payment and digital-asset businesses widen partnerships and services.