According to PANews, South Korea's BNK Financial Group has announced that its subsidiaries, BNK Financial Holdings, Busan Bank, and Kyongnam Bank, are submitting trademark applications related to a Korean won-backed stablecoin. BNK Financial Holdings has filed 11 trademark applications, while Busan Bank and Kyongnam Bank have submitted 10 and 4 applications, respectively. Additionally, Busan Bank and Kyongnam Bank have joined the Open Blockchain and Decentralized Identifier Association (OBDIA), which is preparing to issue bank-supported stablecoins.