South Korean banks found won-bound stablecoin with two model variants

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Südkoreanische Banken gründen Won-gebundenes Stablecoin: Zwei Modelle vorgestellt In einem bedeutenden Schritt zur Digitalisierung des Finanzsektors haben sich acht kommerzielle südkoreanische Banken zusammengeschlossen, um ein won-gebundenes Stablecoin zu etablieren. Dieses neue digitale Zahlungsmittel soll zwei anfängliche Modelle umfassen, die darauf abzielen, die Stabilität und Benutzerfreundlichkeit im digitalen Zahlungsverkehr zu erhöhen. Stablecoins, die an traditionelle Währungen …
South Korean banks found WON-Bound stablecoin: Two models presented in a significant step towards digitization of the financial sector have combined eight commercial South Korean banks to establish a Won-bound stable coin. This new digital means of payment is intended to include two initial models that aim to increase stability and user -friendliness in digital payment transactions. Stable coins that are on traditional currencies ... (Symbolbild/KNAT)

South Korean banks found Won-bound stablecoin: two models presented

In a significant step towards digitization of the financial sector, eight commercial South Korean banks have come together to establish a won-bound stable coin. This new digital means of payment is intended to include two initial models that aim to increase stability and user -friendliness in digital payment transactions.

stable coins that are coupled to traditional currencies such as the South Korean Won offer a promising solution for volatility, which is often associated with cryptocurrencies. The collaboration of the banks creates a basis for a regulated and safe framework that ultimately benefits consumers and companies.

With the introduction of these StableCoin models, the banks not only want to promote digital payment transactions, but also strengthen the competitiveness of the South Korean financial market. It remains to be seen how this initiative will develop and what other steps the institutes involved will take to promote the acceptance of the new means of payment.

Overall, this step shows the growing interest and the innovative strength of the South Korean financial sector in the field of digital currencies.