Upbit's parent company Dunamu plans to cooperate with Naver Pay to promote Korean won stablecoin payment business

Odaily Planet Daily News - Dunamu, the parent company of South Korean cryptocurrency exchange Upbit, has confirmed that it will cooperate with Naver Pay to promote the Korean won stablecoin payment business. The project is led by Naver Pay and assisted by Dunamu, and plans to further clarify the details of the cooperation after the relevant regulations are implemented. Recently, Min Bingde, a member of the Democratic Party of South Korea, proposed the "Basic Law on Digital Assets", which allows the issuance of stablecoins denominated in Korean won. Fintech companies and commercial banks are also applying for trademarks for their own brands in preparation for the issuance of stablecoins. (news.kbs)