PANews reported on July 1 that according to Edaily, South Korean fintech startup Travel Wallet has signed a memorandum of understanding (MOU) with Layer1 blockchain platform Avalanche to jointly explore the development of a programmable stablecoin based on the Korean won. As part of the cooperation, Travel Wallet plans to issue a stablecoin anchored 1:1 to the Korean won and use smart contracts to design a programmable stablecoin.
South Korean fintech firm Travel Wallet partners with Avalanche to develop KRW-based stablecoin
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Author: PA一线
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