PANews reported on December 23 that South Korean payment giant BC Card announced the completion of a pilot program for stablecoin payments to foreign users. ThisPANews reported on December 23 that South Korean payment giant BC Card announced the completion of a pilot program for stablecoin payments to foreign users. This

South Korean payment giant BC Card completes stablecoin payment pilot program

2025/12/23 21:12

PANews reported on December 23 that South Korean payment giant BC Card announced the completion of a pilot program for stablecoin payments to foreign users. This program allows foreign users to make payments to local South Korean merchants using stablecoins. The pilot program was conducted in partnership with blockchain company Wavebridge, wallet provider Aaron group, and cross-border remittance service provider Global Money Express. Users can exchange stablecoins in their overseas wallets for digital prepaid cards for payments.

BC Card stated that this move is in preparation for the future implementation of stablecoin payment structures and in response to the evolving regulatory landscape for stablecoins in South Korea. BC Card is one of South Korea's largest payment companies, processing over 20% of domestic card transactions and serving 3.4 million local merchants.

Currently, the regulation of stablecoins in South Korea is still under discussion. The Financial Services Commission (FSC) has failed to submit a draft regulation on time due to disagreements with the central bank over the proposal. Stablecoins, as an alternative or supplement to traditional payment methods, are gradually being adopted globally.

Previously, it was reported that South Korean card giant BC Card has partnered with Crypto.com and Visa on global digital payments .

Market Opportunity
Ambire Wallet Logo
Ambire Wallet Price(WALLET)
$0.01863
$0.01863$0.01863
+2.19%
USD
Ambire Wallet (WALLET) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

UK Looks to US to Adopt More Crypto-Friendly Approach

UK Looks to US to Adopt More Crypto-Friendly Approach

The post UK Looks to US to Adopt More Crypto-Friendly Approach appeared on BitcoinEthereumNews.com. The UK and US are reportedly preparing to deepen cooperation on digital assets, with Britain looking to copy the Trump administration’s crypto-friendly stance in a bid to boost innovation.  UK Chancellor Rachel Reeves and US Treasury Secretary Scott Bessent discussed on Tuesday how the two nations could strengthen their coordination on crypto, the Financial Times reported on Tuesday, citing people familiar with the matter.  The discussions also involved representatives from crypto companies, including Coinbase, Circle Internet Group and Ripple, with executives from the Bank of America, Barclays and Citi also attending, according to the report. The agreement was made “last-minute” after crypto advocacy groups urged the UK government on Thursday to adopt a more open stance toward the industry, claiming its cautious approach to the sector has left the country lagging in innovation and policy.  Source: Rachel Reeves Deal to include stablecoins, look to unlock adoption Any deal between the countries is likely to include stablecoins, the Financial Times reported, an area of crypto that US President Donald Trump made a policy priority and in which his family has significant business interests. The Financial Times reported on Monday that UK crypto advocacy groups also slammed the Bank of England’s proposal to limit individual stablecoin holdings to between 10,000 British pounds ($13,650) and 20,000 pounds ($27,300), claiming it would be difficult and expensive to implement. UK banks appear to have slowed adoption too, with around 40% of 2,000 recently surveyed crypto investors saying that their banks had either blocked or delayed a payment to a crypto provider.  Many of these actions have been linked to concerns over volatility, fraud and scams. The UK has made some progress on crypto regulation recently, proposing a framework in May that would see crypto exchanges, dealers, and agents treated similarly to traditional finance firms, with…
Share
BitcoinEthereumNews2025/09/18 02:21
TrendX Taps Trusta AI to Develop Safer and Smarter Web3 Network

TrendX Taps Trusta AI to Develop Safer and Smarter Web3 Network

The purpose of collaboration is to advance the Web3 landscape by combining the decentralized infrastructure of TrendX with AI-led capabilities of Trusta AI.
Share
Blockchainreporter2025/09/18 01:07
Academic Publishing and Fairness: A Game-Theoretic Model of Peer-Review Bias

Academic Publishing and Fairness: A Game-Theoretic Model of Peer-Review Bias

Exploring how biases in the peer-review system impact researchers' choices, showing how principles of fairness relate to the production of scientific knowledge based on topic importance and hardness.
Share
Hackernoon2025/09/17 23:15