Global cryptocurrency payment company MoonPay announced on the 30th that it has signed a memorandum of understanding (MOU) with Woori Bank to establish a Korean Won stablecoin infrastructure, Decenter reported. This marks MoonPay's first collaboration with a banking institution to support a Korean Won-based stablecoin ecosystem. The two companies plan to explore various applications, including overseas remittances, cryptocurrency wallet integration, and currency exchange functions, within the scope of future regulatory frameworks. They will also discuss the possibility of applying these to payment and settlement sectors.
