Danal to fully pursue Korean won stablecoin…considering use of XRP Ledger

Danal said on the 8th that it will formally pursue a Korean won-based stablecoin (a virtual asset whose value is linked to a fiat currency) project. It was reported that in the process it will consider using Ripple's blockchain network, the XRP Ledger.

Danal plans to use the XRP Ledger to expand the use of the Korean won stablecoin not only domestically but globally.

A Danal official said, "As it will lead the Korean won stablecoin industry based on the global blockchain network XRP Ledger, significant interest from domestic and international markets is expected," and added, "Danal will actively contribute to making Korea a leading country in digital financial innovation through a payment infrastructure that ensures stability and transparency."