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South Korean Company fanC Collaborates with Initech to Pilot Test Korean Stablecoin KRWIN
Summary: According to reports from The Korea Times, South Korean digital token developer and issuer fanC is collaborating with local financial software company Initech to pilot test a Korean stablecoin named KRWIN, pegged 1:1 to the Korean won. This marks the first time a private entity has issued a digital asset based on the Korean won ...
According to reports from The Korea Times, South Korean digital token developer and issuer fanC is collaborating with local financial software company Initech to pilot test a Korean stablecoin named KRWIN, pegged 1:1 to the Korean won. This marks the first time a private entity has issued a digital asset based on the Korean won with potential real-world economic applications. fanC stated that this issuance is a demonstration version aimed at testing the technical feasibility of KRWIN, including transferability and practical applications. The issuance will be limited to internally selected members and partner platforms for evaluation. Once officially launched, KRWIN is expected to be used in areas such as payments, global remittances, and tourism.
Last month, fanC submitted a trademark application for KRWIN and its related technology to the Korean Intellectual Property Office.
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Link: South Korean Company fanC Collaborates with Initech to Pilot Test Korean Stablecoin KRWIN [Copy]
