BDACS·Wemade, Collaborate to Establish Standard Model for Stablecoin Payments

BDACS·Wemade, Collaborate to Establish Standard Model for Stablecoin Payments

BDACS, a company specializing in digital asset custody, announced on the 21st that it has signed a Memorandum of Understanding (MOU) with WEMADE for the joint development of a stablecoin payment model and business cooperation.

Under the agreement, BDACS will be responsible for the overall custody and operational environment, and plans to implement a stable payment structure by linking Wemade's Korean Won stablecoin-dedicated mainnet 'StableNet' with BDACS's institutional custody wallet.

The two parties will also jointly design a reserve management system and a short-term operational structure for custodial assets, and cooperate in discovering Proof-of-Concept (PoC) cases for financial institutions and forming a stablecoin consortium.

Ryu Hong-yeol, CEO of BDACS, stated, "BDACS is focused on enabling the practical use of stablecoins based on a custody infrastructure that institutions can trust. Through this collaboration, we will establish a standard payment model that financial institutions can immediately apply and set the standard for the domestic market."

Kim Seok-hwan, Vice President of Wemade, said, "This agreement, combining BDACS's institutional-grade custody capabilities with Wemade's blockchain technology, is a crucial turning point leading to the practical expansion of the stablecoin business. Through the cooperation of both companies, we will quickly introduce trust-based payment services to the market."