The joint technical verification of the Korean won stablecoin by the South Korean credit card industry will conclude by the end of July.

According to NATE, the joint technology verification of KRW stablecoins by the South Korean credit card industry will conclude at the end of July, with no plans to establish new working groups afterward. Each card company will subsequently shift toward independent and differentiated competition: Shinhan Card and KB Kookmin Card have both integrated with the Solana network; BC Card has completed payment tests for foreigners holding stablecoins at Korean merchants; Woori Card plans to integrate stablecoin payment functionality into the WON Card app; Samsung Card, together with Samsung Securities and Samsung SDS, has invested 612.8 billion KRW to acquire a 4% stake in Dunamu, exploring the introduction of digital asset payment features in Monimo.