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Kaia announced the signing of a memorandum of understanding with Open (Asset) to jointly promote and expand the development of the Korean won stablecoin.
According to Deep Tide TechFlow news, on August 22, Kaia announced the signing of a memorandum of understanding with Open (Asset) to cooperate in the issuance, Compliance, and practical application scenarios of the Korean won stablecoin.
Open (Asset) is a tokenized asset issuance company aimed at promoting financial institutions to adopt blockchain and trade token assets. It has participated in several significant projects, showcasing its technical strength related to stablecoin, including the "dual-signature stablecoin issuance system" technology in collaboration with commercial banks, the offline payment proof of concept (PoC) in partnership with AhnLab blockchain company, and the securities token issuance (STO) system developed for a Korean investment securities company.
Through this cooperation, Open (Asset) plans to issue and promote its independently developed Korean won stablecoin on the Kaia blockchain, and provide Korean won stablecoin issuance agency services for customers wishing to issue stablecoins, jointly contributing to the development of compliant Korean won stablecoins and promoting the adoption of Web3 payments in the real world.