PANews reported on July 3 that according to MoneyS, South Korea's KB Kookmin Card has submitted 35 trademark applications related to stablecoins, involving names such as "KBCSTB", "KBCST" and "KBCKRW". This move is part of a broader layout by South Korean credit card companies to seize the initiative in the expected won-pegged stablecoin market. KB Kookmin Card is the second major Korean credit card issuer to enter this field after Shinhan Card.