Upbit collaborates with South Korean search engine giant Naver to launch a KRW-based stablecoin payment project.

PANews, July 1st news, according to KBS reports, South Korea's cryptocurrency exchange Upbit has partnered with local search engine giant Naver to jointly develop a stablecoin payment system based on the Korean won. Upbit's operator Dunamu will collaborate with Naver's payment platform Npay on this project. A Dunamu spokesperson stated that the project is expected to be led by Npay, while Dunamu will play a supportive role. The two companies plan to finalize the specific details and scope of their cooperation once the regulatory framework is established.

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