Polaris Office, a South Korean software developer, has registered a stablecoin trademark in won named POLAKRW, marking a new step in the field of stablecoins in South Korea.
The company submitted a total of 102 trademark applications related to digital asset programs, electronic payment services, and Blockchain technology development, showing its ambition to expand in the cryptocurrency space.
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Polaris Office registers the POLAKRW stablecoin trademark using the South Korean won.
More than 100 applications related to digital assets, electronic payments, and Blockchain were submitted simultaneously.
This move reflects the strong development trend of stablecoins in the South Korean market.
How did Polaris Office register the POLAKRW stablecoin trademark?
Polaris Office has officially submitted a trademark application for the stablecoin named POLAKRW in South Korea to issue a cryptocurrency pegged to the won.
This information was confirmed by Cryptonews through a newsletter on July 8, indicating that the company is implementing a product diversification strategy in the cryptocurrency sector. This move aims to harness the growth potential of stablecoins in the domestic market.
Why did Polaris Office submit so many trademark applications at once?
With a total of 102 diverse applications, Polaris Office aims to protect its brand in three main areas: digital asset programs, electronic payment systems, and Blockchain technology.
This demonstrates Polaris's expertise and thorough preparation in building a complete cryptocurrency ecosystem, effectively supporting the operation of the POLAKRW stablecoin while complying with legal regulations.
Polaris Office is confident that with its technological foundation and years of software development experience, it will create a reputable and safe stablecoin product that meets the needs of domestic digital payments.
Mr. Lee Min-ho, CEO of Polaris Office, July 8, 2024
What is the current trend of stablecoin development in South Korea?
Stablecoins are seen as one of the driving forces for electronic payments and finance in South Korea, with many businesses officially participating.
According to a report by the Korea Blockchain Association (2023), the transaction volume of stablecoins accounts for about 35% of the total cryptocurrency volume, reflecting an increasingly important role in the digital financial ecosystem.
The increase in stablecoin registrations reflects a strong market trend in Vietnam and the region, opening up many new opportunities for DeFi development.
Professor Park Jae-Hyun, Blockchain Expert, Seoul National University, 2024
Comparing stablecoin brands in South Korea today
Issuer Name Stablecoin Currency Guarantee Scope of Application Year of Registration Polaris Office POLAKRW South Korean Won (KRW) Domestic payments and transactions 2024 Company A StableKRW South Korean Won (KRW) Nationwide transactions 2023 Company B KRW Coin South Korean Won (KRW) Electronic banking applications 2023
Frequently Asked Questions
What is Polaris Office in the cryptocurrency sector? Polaris Office is a South Korean software developer currently expanding into the stablecoin and Blockchain application fields. What currency does the POLAKRW stablecoin use? POLAKRW is a stablecoin backed by the South Korean won, aimed at stabilizing transaction values. How many trademark applications has Polaris Office submitted in the cryptocurrency field? Polaris submitted 102 trademark applications including programs for digital assets, electronic payments, and Blockchain technology. What is the potential development trend of stablecoins in South Korea? Stablecoins are being focused on by many businesses, with transaction volume accounting for over 35% of the total cryptocurrency volume, according to the latest report. What plans does Polaris Office have for the POLAKRW stablecoin? They aim to provide an efficient and safe payment solution that complies with South Korean legal regulations.
Source: https://tintucbitcoin.com/polaris-office-dang-ky-thuong-hieu-stablecoin/
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