NewsHK
Stablecoin adoption across Asia-Pacific card networks has picked up pace this year, and the latest signal comes from South Korea.
Hyundai Card has completed its first real-world stablecoin proof-of-concept, conducted on the Avalanche blockchain with Tether as the stablecoin counterpart.
Visa and Circle are set to join the second proof-of-concept, which is scheduled to begin later this month.
A Korean card issuer steps onto public blockchain rails The completed pilot marks Hyundai Card's first move from internal exploration to live stablecoin settlement.
Keep reading