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Crypto

iM Bank completes full lifecycle tech test for won stablecoin with OpenAsset

iM Bank has completed a proof-of-concept that implements the full process for a won-denominated stablecoin, from issuance to payment, settlement and burning. The bank said it finished the project with digital-asset infrastructure firm OpenAsset on May 20. The test issued an iM Bank stablecoin, iMKRW, on the Kaia blockchain and demonstrated top-ups, QR-based payments and merchant settlement using the DAGAON wallet service. The bank said it ran about 80 scenarios without errors.

Crypto

Kross signs validator MOU with CertiK to join Mainnet 2.0 verification

Kross Protocol said on May 20 it signed a memorandum of understanding with blockchain security firm CertiK to cooperate on validator operations, adding CertiK as a new validator. Under the agreement, CertiK will operate an independent validator node, verifying transactions and participating in block production. Kross is set to upgrade to Mainnet 2.0 on June 1. Nexth has previously signed a broad cooperation MOU with CertiK.

Finance

Tether invests in fintech firm LemFi to expand USDT remittances in emerging markets

Tether is investing in fintech platform LemFi to expand remittances in emerging markets. LemFi plans to introduce USDT into payment systems where it operates and replace parts of traditional interbank remittance processes with stablecoin and blockchain-based settlement. The companies aim to speed up cross-border transfers and reduce operating costs. Tether CEO Paolo Ardoino said the investment reflects a shared vision prioritising speed, cost and transparency in moving funds across borders.