SuhovIO: “Stablecoins could help shore up the FX market structure”

Unveils 'Ezys' stablecoin infrastructure

“Even now, FX transactions still face issues in terms of processing speed and costs. Stablecoins are an alternative that can address these pain points in the FX market. That is why institutional and regulatory frameworks for stablecoins (digital assets pegged to the value of fiat currency) need to be put in place.”

Park Ji-su, CEO of SuhovIO, made the remarks on the 4th while attending the 'Seoul Digital Money Summit (SDMS) 2026' held at the Conrad Seoul in Yeouido, Seoul. SuhovIO develops blockchain-based payment and settlement infrastructure.

Park noted, “Demand to use the FX market—such as for overseas investment, buying U.S. dollars, and cross-border payments—has been surging recently,” but added that “the infrastructure is not keeping pace.”

According to materials Park presented, the scale of overseas investment execution by Korean investors is approaching KRW 50 trillion. “Massive overseas investment is already taking place,” he said, stressing that “costs running into hundreds of billions of won are being incurred just from FX spreads and remittance fees.”

Park argued that stablecoins can serve as a technological alternative to improve this FX market structure. “Stablecoins enable 24/7 trading and real-time settlement, reducing time lags and costs in cross-border payments and remittances,” he said. “Since the technical feasibility has already been demonstrated, institutional discussions need to proceed in parallel.”

He continued, “Although stablecoins are performing functions similar to bank remittances, related laws and systems have yet to adequately reflect this,” adding, “If the Foreign Exchange Transactions Act and the broader payments and settlement framework are overhauled, regulated finance and fintech will be able to participate more stably.”

SuhovIO later unveiled its FX and payments infrastructure for stablecoins, 'Ezys.'

Introducing Ezys, Park said it is “infrastructure that reflects market participants’ intent,” explaining that it was “designed as a structure in which users seeking payment and currency exchange and institutions seeking to provide liquidity gather in a single network, which then automatically matches participants to the best available terms.”

A demonstration of the Ezys infrastructure was also conducted during the presentation via TikoPay, SuhovIO’s payment app for foreign tourists. It showed that when a buyer holding U.S. dollar-denominated funds makes a payment at an offline merchant in Korea, the Ezys network calculates the exchange rate in real time and automatically processes settlement in Korean won.

“This showed how Ezys can be used on the retail side,” Park said. “Going forward, we will develop Ezys into core infrastructure for FX trading through a range of services.”