MoonPay launches Korean subsidiary to support won stablecoin payments
MoonPay launched MoonPay Korea on Sept. 29 to connect its global digital asset infrastructure with Korean banks, card firms and fintechs. It plans partnerships with Woori Bank, KB Financial Group, KakaoBank and Finger to support transaction authorization, settlement, payments and wallet integration, while providing infrastructure rather than issuing a won stablecoin. Planned uses include remittances, merchant payments, trade and corporate settlements, and the firm is preparing virtual asset service provider registration and other licenses. MoonPay said its systems will meet Korean KYC, AML and monitoring rules and demonstrated an AI payment prototype.
MoonPay established MoonPay Korea to provide won stablecoin infrastructure.
Context
South Korea is reviewing second-stage digital asset legislation and stablecoin rules. The…
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