South Korea’s KT enters won stablecoin race with Token Factory initiative
South Korea’s KT enters won stablecoin race with Token Factory initiative
South Korea’s largest telecom KT has committed 18 trillion won over three years, including plans for a Token Factory and a won stablecoin platform.The company plans to support token issuance, billing and settlement while using K Bank, BC Card and its own network infrastructure for stablecoin services.KT’s announcement comes as South Korea’s financial sector continues expanding blockchain payment projects ahead of new stablecoin regulations.