South Korea’s KB Financial Completes Stablecoin Pilot As Lawmakers Press For Regulatory Framework

South Korea’s KB Financial has completed a Proof-of-Concept (PoC) for won-denominated stablecoin as lawmakers and experts push to advance the country’s digital asset framework. KB Stablecoin Pilot Cuts Fees, Speeds Transfers On Sunday, KB Financial Group, the parent company of South Korea’s largest bank, announced that it had completed a payment pilot for a won-denominated stablecoin, with electronic payments KG Inicis, Layer 1 blockchain platform Kaia, and digital asset solutions company OpenAsset as partners. According to local news reports, the