Nexthrus is joining hands with Dubai digital finance firm Fasset to expand the payment and settlement infrastructure it is building around OneStore into the stablecoin sector.

Nexthrus said on Tuesday it signed a strategic memorandum of understanding with Fasset at Korea Blockchain Week (KBW 2026) to cooperate on stablecoin-based financial infrastructure.

The two companies will review potential cooperation focused on linking payment infrastructure, stablecoin settlement and co-branded digital financial products.

They will first pursue a joint proof of concept to connect Nexthrus' payment infrastructure with Fasset's fiat-to-crypto conversion infrastructure.

In the stablecoin sector, they will discuss directions for cooperation on infrastructure for a stablecoin linked to the United Arab Emirates dirham (AED) and a stablecoin linked to the won. To that end, they plan to form a joint task force and run it quarterly.

Fasset is an AI-based stablecoin digital finance platform headquartered in Dubai. It obtained a virtual asset service provider licence from Dubai's Virtual Assets Regulatory Authority (VARA) in 2023 and is running digital asset services.

In August, it raised a $68 million Series C investment led by SBI Group and was valued at $1 billion. It currently supports more than 3 million wallets and more than 1,000 corporate customers in 125 countries.

Nexthrus is building distribution, payment and settlement infrastructure for games and digital content through OneStore. After incorporating OneStore as a subsidiary in June, it has been pushing work to expand a fiat-focused payment structure into the stablecoin sector.

Fasset CEO Mohammad Rafi Hossain said, "We will expand infrastructure that uses stablecoins for actual payments and settlement."

Nexthrus CEO Jang Hyun-kuk said, "The competitiveness of stablecoins comes not from issuance itself but from real use cases and distribution networks." He added, "We will combine Fasset's global payment and settlement infrastructure with OneStore and complete a global AI blockchain game platform from the payment side as well."