Kona I Demonstrates Korea's First Stablecoin Issuance
Summary
- Kona I announced it will conduct Korea's first stablecoin issuance demonstration on the 31st.
- In this demonstration, various stablecoin payments by currency, such as KRW and USD, will be made for the first time in the industry via existing card terminals.
- Kona I stated that the event will be an opportunity to have investors directly verify its security, safety, and business viability.
Kona I announced on the 21st that it will hold Korea's first demonstration of stablecoin issuance (virtual assets pegged to fiat currencies) on the 31st.
Previously, Kona I had applied for multiple trademarks related to stablecoins, including KONADT, KONADC, KONALC, KONAKRW, and KONAUSD. The company explained that it aimed to secure stablecoin trademarks for each currency, such as KRW (Korean won) and USD (US dollar).
Through this stablecoin demonstration, Kona I plans to have its security, safety, usability, and effectiveness evaluated by investors, analysts, and the media. Kona I's stablecoin issuance demonstration will be held at a corporate briefing session at 2 p.m. on the 31st at the Korea Financial Investment Association Financial Investment Education Center. Notably, this will be the industry's first demonstration of stablecoin payments using existing card terminals.
CEO Cho Jung-il stated, "Kona I has a complete stablecoin ecosystem, from issuance to payment, which enables practical demonstrations," and continued, "Through this investor briefing, you will be able to see for yourself the technical excellence and business potential of our solution."
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.
