📢 South Korea: 8 major banks join forces to issue stablecoin linked to the won!
According to Economic Review, 8 leading banks in South Korea – including KB Kookmin, Shinhan, Woori, NongHyup, IBK, Suhyup, Citibank Korea, and Standard Chartered Korea – are collaborating to launch a joint venture to issue a stablecoin based on the KRW.
🤝 The project is being developed with:
OBDIA (Open Blockchain & Decentralized Identity Association)
KFTC (Korea Financial Telecommunications & Clearing Institute)
🔗 Goal: To create a transparent stablecoin linked to the traditional banking system, enhancing the application of blockchain in national payments and finance.