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Hana Financial, Hanwha Asset Management join hands with Abu Dhabi ADGM on stablecoins, cross-border payments

Hana Financial Group and Hanwha Asset Management will work with Abu Dhabi Global Market (ADGM) to explore digital finance opportunities including stablecoins and cross-border payments and remittances. Hana Financial said the three parties signed a tripartite memorandum of understanding on Sept. 16 to cooperate on stablecoin business and cross-border financial infrastructure linking South Korea and Abu Dhabi. The agreement focuses on jointly reviewing business models and infrastructure use rather than issuing a stablecoin or launching payment services immediately.