Wemade-BDACS Join Hands! Will They Dominate the Korean Stablecoin Payment Standard?

▲ [Image] Wemade, BDACS sign MOU to build stablecoin payment standard model

Wemade is set to officially dominate the Korean stablecoin payment market by joining hands with BDACS, the largest digital asset custody company in Korea.

On the 21st, Wemade announced that it had signed a Memorandum of Understanding (MOU) with BDACS for the joint development of a stablecoin payment model and business cooperation. The core of this partnership lies in combining Wemade's unique blockchain financial technology with BDACS's institutional-grade custody infrastructure to establish a 'domestic standard stablecoin payment model' that can be commercialized.

The heart of the ecosystem will be 'StableNet', Wemade's self-developed mainnet exclusively for Korean Won stablecoins. This network allows for fee payments with the Korean Won stablecoin itself, eliminating the need for separate gas tokens, thereby significantly resolving the complexity of accounting processes that was a major headache for businesses. It also directly supports essential financial regulatory solutions such as Know Your Customer (KYC) and Anti-Money Laundering (AML) at the mainnet infrastructure level, and even provides authenticated accounts for priority processing for enterprise partners, maximizing regulatory compliance and convenience.

Combined with BDACS's 'corporate custody wallet', this completes an ironclad security environment. BDACS, which has obtained Virtual Asset Service Provider (VASP) approval, boasts a top-tier custody environment equipped with both Information Security Management System (ISMS) certification and global security certification (SOC 1 Type2). The plan is to further elevate the technical completeness of asset management by linking with Money Market Fund (MMF) tokens that comply with relevant laws and regulations in the future.

Beyond simple technical integration, both companies are looking towards creating a massive financial ecosystem. They plan to jointly design a secure reserve management model and short-term operating architecture, discover Proof-of-Concept (PoC) cases targeting commercial financial institutions, and comprehensively cooperate in forming a large stablecoin consortium. This reflects a strong commitment to lead the market ecosystem by making each other the top priority partners when discovering new businesses.

Ryu Hong-yeol, CEO of BDACS, expressed his ambition to lead the domestic market standard by creating a practical payment model that financial institutions can truly trust and utilize. Kim Seok-hwan, Vice President of Wemade, also emphasized that by combining the capabilities of both companies, they will quickly introduce highly reliable payment services to the market. Meanwhile, Wemade fully unveiled StableNet's testnet on January 30th, taking the first step in expanding its infrastructure to allow anyone to experience the ecosystem.

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