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Regulatory Licenses, Registrations, and Approvals

Several Korean financial institutions are piloting stablecoin payments through foreign users, laying the groundwork for infrastructure in advance

USDC news Partnerships & Ecosystem Geopolitics

2026-04-07 02:45:59

USDC0.02%

Gate News Message, April 7, due to delays in the legislative process of the Digital Asset Basic Act, multiple Korean financial institutions are providing stablecoin payment services to foreign users to bypass regulatory restrictions and get ahead in laying groundwork for infrastructure and partnership networks. Specifically, the Hanwha Financial Group, together with Circle and a certain crypto payment platform, has already launched a USDC payment pilot; Danal plans to launch a similar service with Circle and a certain payment service provider; a certain crypto payment platform and KG Inicis have launched a payment gateway; BC Card and a certain payment service provider are testing USDC payment technology; and KB Kookmin Card has applied for a stablecoin-and-card integrated payment patent. Industry analysis says that services aimed at foreign users are effectively a “regulatory sandbox,” helping companies validate business models before official policies are rolled out.

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