NHN KCP and NH Bank Partner on Stablecoin-Based Payment Infrastructure

Gate News message, April 22 — South Korea's payment company NHN KCP and NH Bank signed a strategic memorandum of understanding (MOU) today to jointly develop a stablecoin-based payment ecosystem and next-generation digital payment infrastructure.

The partnership will combine NHN KCP's extensive payment network with NH Bank's financial credibility to design and commercialize stablecoin-based payment and settlement structures. The two institutions plan to collaborate on developing new service models using digital assets, expanding the merchant and platform network, ensuring interoperability with domestic and international payment infrastructure, and coordinating responses to regulatory changes.

NHN KCP CEO Park Jun-seok stated the partnership aims to "open a new horizon for digital payments in daily life," while NHN KCP Vice President Jung Seung-gyou emphasized plans to implement stablecoins as an accessible payment method across convenience stores, shopping malls, franchises, and corporate benefits platforms.