LG CNS Develops Platform for Stablecoin Issuance, Trading and Distribution

LG CNS is developing a platform to support stablecoins from issuance to trading and distribution.

Digital Asset reported on Aug. 14 that LG CNS said in its semiannual report that it is developing a platform for stablecoin issuance, trading and distribution, along with related underlying technologies, as part of its blockchain research.

LG CNS is conducting research and development in areas including AI, cloud and infrastructure, robotics, blockchain, security and quantum computing. In blockchain, the company is advancing a "Digital Trust solution" and identified development of a "stablecoin-based issuance, trading and distribution platform" as a key project.

The company is also working to secure technologies needed for CBDC and stablecoin transactions. It listed "transaction confidentiality and interoperability technology for CBDCs and stablecoins" as one of its research and development projects.

The technology is intended to support transactions across different digital currencies and platforms while protecting the confidentiality of information generated during the transaction process.

LG CNS is also developing a payment service that combines AI with digital currencies. It included development of an "Agentic AI payment service based on a central bank digital currency platform" among its research and development projects.