Original sourcedigitaltoday.co.kr
Summary
South Korea's Hana Financial Group and Dunamu are conducting a proof of concept (PoC) testing stablecoin payments with real-time merchant settlement. Users can pay with stablecoins in their wallet via a card linked to the Upbit wallet; blockchain-based real-time settlement aims to shorten settlemen…
Key points
- Firms watching stablecoin cards and merchant settlement can see implementation directions for multi-currency fallback and real-time clearing from this PoC.
- Banks and exchanges testing real-time settlement together is a key step in pushing stablecoins from investment assets toward everyday consumer payments.
- If standardization succeeds, card networks, acquiring banks, and wallet firms will need to support multi-stablecoin switching and real-time clearing, with compliance processes adjusted accordingly.
Editorial note
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