South Korea’s NHN KCP pilots stablecoin payments on Avalanche

One of South Korea’s largest payment firms, NHN KCP, is testing out stablecoin payments through a private Avalanche network. The test, which began on May 21, includes both online and offline payments and is among the largest stablecoin payment tests in the region. The company processed ₩51.5 trillion, roughly $38 billion, in transaction volume last...