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The Travel Wallet of South Korea collaborates with Avalanche Deal to develop a stablecoin.
A South Korean fintech startup, Travel Wallet, is collaborating with Avalanche to develop a stablecoin pegged to the South Korean won. Their goal is not only to create a new digital asset but also to build programmable currency that automates real-world payment systems. This stablecoin is expected to be used in retail transactions and B2B payments, integrated into both online ecosystems and point-of-sale systems.
The CEO of Travel Wallet, Kim Hyung-woo, believes that this move could reshape the relationship between technology and finance. At the same time, the South Korean government is also preparing for a deeper integration of cryptocurrency, with support for cryptocurrency ETF funds and regulations on stablecoin.