PANews
PANews|Mar 31, 2026 08:54
[South Korea's KB Card Partners with Avalanche to Develop Hybrid Stablecoin Credit Card Payment System] According to The Block, South Korea's major credit card company KB Kookmin Card has announced a partnership with Avalanche to develop a hybrid stablecoin payment model. This model is designed to be built on a public blockchain, allowing users to link their digital wallets with existing credit cards. During payments, the system will prioritize using the stablecoin balance in the wallet, with any shortfall covered by the credit card. KB Card is collaborating with digital asset infrastructure company OpenAsset to develop a comprehensive stablecoin system encompassing top-up, payment, and settlement functionalities. This initiative aims to lower the barrier to using stablecoins by retaining the familiar credit card experience for users and aligns with South Korea's regulatory direction to establish a stablecoin market pegged to the Korean won.
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