Danal files 20 stablecoin-related trademark applications

JOON HYOUNG LEE

Summary

Danal announced it had filed 20 trademark applications related to stablecoins.
This trademark application is said to be a measure to target the domestic stablecoin market and strengthen its digital financial service strategy.
Danal stated that it is continuously preparing to expand real-life utility after institutionalization through the commercialization of physical payments and independent system development.

Payment service provider Danal announced on the 3rd that it has applied for trademarks related to stablecoins. Specifically, Danal registered 20 stablecoin-related trademarks, including Pitch, PCIK, KRWD, KRWS, and PSC.

This trademark application is part of Danal's recently announced strategy to target the domestic stablecoin market. Danal plans to use the trademark applications as an opportunity to strengthen its stablecoin-based digital financial service strategy.

Danal has already succeeded in commercializing stablecoin physical payments through its subsidiary PayProtocol's 'Paycoin Mastercard'. Since 2019, Danal has also been operating the Paycoin (PCI) payment service.

A Danal representative stated, "Through strategic partnerships with companies, we will bring innovation to the entire digital finance service market," adding, "Currently, we are actively preparing for real-life adoption after institutionalization, not only by designing and issuing stablecoins, but also by establishing an independent system through on-chain remittance and real-time payments."

PCI