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Crypto

Won stablecoin pilots enter proof stage as industry tie-ups accelerate

Partnerships among banks, fintechs, platforms and blockchain firms around won-denominated stablecoins are accelerating in the second half, with payment and settlement use cases moving into more concrete pilot tests. Companies are running proofs of concept on real-time settlement, on-chain payment flows and links between digital wallets and existing card networks. Cross-border remittances are also emerging as a key testing area. Debate continues over regulation, including issuers, reserve assets and approval requirements.

Crypto

Hekto Innovation, BEATOZ to cooperate on hybrid blockchain stablecoin business

IT information services firm Hekto Innovation signed a memorandum of understanding with digital finance infrastructure company BEATOZ to cooperate on a hybrid blockchain-based stablecoin business, it said on Aug. 13. The companies plan to combine blockchain infrastructure and digital asset wallet technology to work across stablecoin issuance, distribution and use. They will launch a proof of concept verifying processes from issuance to burning, using Hekto Group employee welfare points in a limited environment.

Crypto

Korean won stablecoin must secure settlement network and digital identity in AI payments era, Hashed report says

Hashed Open Research published a strategy report on a Korean won stablecoin in the agent economy era, saying competition is expanding from issuance to settlement and distribution infrastructure. It urged moving beyond debate over who issues a won stablecoin and instead securing an independent settlement network and a digital identity authentication system. The report said most AI agent payments are handled with dollar-based stablecoins and called for Korea to accelerate related rules and infrastructure.