Excited to partner with @payprotocol, Korea's leading payment gateway company, to design an @avax L1 purpose-built for settlement of KRW stablecoin for its nation-wide merchant network. Welcome to avalanche!
We are thrilled to announce that Danal Fintech, the operator of #Paycoin, is partnering with @AvaLabs and @avax to strengthen our stablecoin platform.
This collaboration marks a significant milestone in expanding stablecoin services both in Korea and globally.
Together we will:
- Support and integrate tech through combining Avalanche's blockchain tech with #Danal's payment expertise.
- Build regulatory compliance models for South Korean framework.
- Participate in regulatory sandboxes & govt. pilot programs.
- Co-branding campaigns.
@avax's unique chain architecture is perfectly aligned with our vision for stablecoin payment networks, and they have proven its reliability through major projects:
- $FRNT, First state-level stablecoin by Wyoming government.
- Onyx by @jpmorgan.
- Capital market tokenization pilots under UK FCA regulation.
This collaboration with @avalabs and @avax represents a crucial turning point in our journey to build a user-centric, secure, and convenient stablecoin payment ecosystem.
More updates coming soon! 🔥
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