Danal Fintech, JB Jeonbuk Bank complete PoC for won-based stablecoin

Danal Fintech, the blockchain subsidiary of Danal, has completed a proof-of-concept (PoC) with JB Jeonbuk Bank that demonstrates the entire process of distribution, merchant payments, and settlement for a won-based stablecoin, Digital Asset reported today. The two companies are now preparing for a second PoC focused on foreign nationals. Leveraging its strong customer base of foreign workers, JB Jeonbuk Bank plans to conduct a PoC for stablecoin payments and overseas remittances targeting this demographic.