iM Bank to build South Korea's first bank-led KRW stablecoin ecosystem

iM Bank has begun building a bank-led ecosystem for a KRW-backed stablecoin as part of its efforts to expand its digital finance footprint following its transition into a nationwide commercial bank, Aju Business Daily reported. The bank has partnered with fintech firm Finger and blockchain specialist Validator to jointly develop a digital infrastructure for distributing the token, combining the bank's credibility with the efficiency of blockchain technology. The project will also be the first in South Korea to apply post-quantum cryptography (PQC).