Wu said that, according to a report by the Korea Herald, the digital platform fanC has jointly launched a test issuance of South Korea's first stablecoin pegged to the Korean won, KRWIN, which is pegged 1:1 to the Korean won. The initial phase is limited to internal members and partner platforms for testing transfers and application scenarios. KRWIN is intended for use in payments, cross-border remittances, and tourism in the future. fanC stated that this move aims to create a stablecoin foundation that combines financial security with blockchain technology, and to build online e-commerce, content consumption, and offline payment scenarios for visitors to Korea. Last month, fanC submitted a trademark application for KRWIN and its related technology to the Korean Intellectual Property Office.