Upbit's parent company Dunamu will collaborate with Naver Pay to promote the Korean won stablecoin payment business

ChainCatcher news, South Korean cryptocurrency exchange Upbit's parent company Dunamu has confirmed that it will collaborate with Naver Pay to promote the Korean won stablecoin payment business. The project is led by Naver Pay, with Dunamu assisting, and plans to further clarify cooperation details after relevant regulations are established. Recently, South Korean Democratic Party lawmaker Min Byeong-deok proposed the "Basic Law on Digital Assets," allowing the issuance of stablecoins denominated in Korean won. Financial technology companies and commercial banks are also preparing to issue stablecoins by applying for trademarks for their own brands.