South Korea’s KB Financial Completes Stablecoin Pilot for Offline Payments

Cointelegraph Staff

(12:42 PM UTC)

1 min read

KB Financial Group, the parent company of South Korea's largest bank, KB Kookmin, completed a stablecoin pilot for offline payments and cross-border remittances through the Kaia blockchain.

KB tested the lifecycle of a South Korean won-denominated stablecoin, including issuance, merchant settlement and remittances, with Kaia, electronic payments company KG Inicis and fintech firm OpenAsset, local…

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