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Morning Edition · Monday, July 6, 2026Published at 6:30 AM EDT · New York
South Korea's KT Joins the Won-Stablecoin Race With a "Token Factory"
The country's largest telecom operator will fold a won-pegged stablecoin effort into a 18 trillion won ($13.2 billion) technology investment plan, as purpose-built payment chains proliferate.
KT, South Korea's largest telecommunications company, is entering the won-pegged stablecoin race through a "Token Factory" initiative, part of a plan to invest 18 trillion won (about $13.2 billion) over three years, crypto.news reported. Th…
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Race to Bank and Distribute Stablecoin Reserves
Over 3-6 months, established financial and payments firms compete to custody stablecoin reserves and embed stablecoin rails into cross-border settlement, institutionalizing the plumbing beneath stablecoins.
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