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Crypto

Hecto Innovation steps up support for Circle\'s Arc ecosystem expansion in South Korea

IT-based information services company Hecto Innovation is accelerating support for the expansion of Circle\'s Arc blockchain mainnet ecosystem in South Korea as a partner. It is recruiting early-bird partners through its website, open to firms interested in entering stablecoin businesses or integrating Arc into services. Participants can review and verify key blockchain finance functions in advance. The company plans to provide wallet technology via an affiliate\'s SaaS API service.

Finance

Stablecoin race for control spreads, KOSPI nears 7,000

Competition over global payment infrastructure centered on stablecoins is spreading across the financial industry. Hana Financial Group is moving to cooperate on blockchain-based remittances with Dunamu and POSCO International, while Visa is expanding its stablecoin pilot and adding five more blockchains. U.S. banks are calling for stronger in-house blockchain strategies, and Shinhan Card is expanding a Solana-linked proof-of-concept. Markets also remain strong, with the KOSPI holding above 6,600 and repeatedly hitting record highs.

Finance

Hecto Financial eyes record results as stablecoin scalability comes into focus

Hecto Financial is expected to post its best-ever performance this year, with growth prospects highlighted for its stablecoin-based payment and settlement business. iM Securities said a high-margin structure in its membership-based simple cash payment service is taking hold, accelerating profitability improvements. It forecast consolidated revenue of 221.3 billion won, up 18.1 percent, and operating profit of 23.5 billion won, up 50.6 percent, on a K-IFRS basis.