Korea Business News Agency - NSP NEWS.

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(Seoul=NSP NEWS) = Blockchain company BPMG signed a strategic memorandum of understanding (MOU) on the 15th with internet-only bank K Bank and United Arab Emirates (UAE) digital asset service company Changer for cooperation in the stable coin business.

The agreement focuses on jointly promoting digital asset-based payment and remittance innovation and building blockchain financial infrastructure.

The scope of cooperation includes digital asset-related services and technology collaboration, joint review of stablecoins and blockchain-based businesses, technical and regulatory responses to cross-border settlement structures, and the promotion of new businesses.

The three companies plan to formalize a cooperative structure for a stablecoin exchange and remittance hub connecting Korea and the UAE, and to launch a pilot project for a cross-border remittance service through bank account linkage within the year.

BPMG also plans to expand its cooperation with Changer in the ongoing project to build a stablecoin remittance system between Korean and Thai banks in Thailand.

Changer is a digital asset custody company licensed by the Abu Dhabi Global Market(ADGM) Financial Services Regulatory Authority(FSRA), providing infrastructure to support digital asset custody and custody, as well as the conversion of fiat currency into digital assets.

BPM is developing a remittance and exchange infrastructure for a KRW-based stablecoin in collaboration with K Bank, and is pursuing global network expansion with the premise of utilizing it for overseas remittances and payments.

By Soon-ki Lee(s8789@nspna.com) and Bok-hyun Lee(bhlee2016@nspna.com)

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