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Formed through the merger of the Klaytn and Finschia blockchains initially developed by Kakao and LINE respectively, Kaia brings Web3 to the fingertips of hundreds of millions across Asia. Kaia has the lowest transaction latency amongst leading EVM L1s with 1-second block time and immediate finality, enabling snappy user experiences and opening possibilities for use cases that require near-real-time responsiveness.
South Korea’s KB Financial Group Completes End-to-End Proof of Concept for KRW Stablecoin
According to Yonhap News Agency, KB Financial Group announced that it has successfully completed a full-process technical proof-of-concept (PoC) for the Korean won (KRW) stablecoin—from issuance and offline payments to merchant settlement and cross-border remittances—in collaboration with electronic payment provider KG Inicis, the Kaia public blockchain, and digital asset solutions provider OpenAsset. This PoC upgraded the internal settlement infrastructure to a blockchain-based system while preserving customers’ existing financial service habits. Real-world payment scenarios were implemented via self-service kiosks at the连锁 coffee chain Hollys: consumers need not install a digital wallet and can simply make QR-code-based payments, with blockchain smart contracts automatically executed during settlement. In the cross-border remittance validation, KRW stablecoins were first converted into USD stablecoins using liquidity on the Kaia chain, then transferred by local Vietnamese partners into actual bank accounts. The entire process took only three minutes and reduced fees by approximately 87% compared to traditional SWIFT-based methods.
JPYC, the issuer of the yen-pegged stablecoin, has completed a $17.62 million Series B extension round.
According to NADA NEWS, JPYC, the issuer and operator of the Japanese yen-pegged stablecoin JPYC, announced that it has raised an additional $17.62 million in the second closing of its Series B funding round. Combined with the first closing, the total funds raised are expected to reach approximately $28.93 million. Participating investors include NCB Venture Capital, Metaplanet, Kitao Bank, and Yokohama Capital, among others. The newly raised capital will be primarily used for system and application development, hiring talent for business expansion, stablecoin issuance and redemption, trading, payments, management-related operations, and new strategic investments. JPYC stated that, as of April 15, its cumulative issuance has exceeded approximately $13.21 million. The stablecoin is currently supported on Avalanche, Ethereum, and Polygon, and the company is considering adding support for Kaia and Arc.
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South Korea’s KB Financial Group Completes End-to-End Proof of Concept for KRW Stablecoin
According to Yonhap News Agency, KB Financial Group announced that it has successfully completed a full-process technical proof-of-concept (PoC) for the Korean won (KRW) stablecoin—from issuance and offline payments to merchant settlement and cross-border remittances—in collaboration with electronic payment provider KG Inicis, the Kaia public blockchain, and digital asset solutions provider OpenAsset. This PoC upgraded the internal settlement infrastructure to a blockchain-based system while preserving customers’ existing financial service habits. Real-world payment scenarios were implemented via self-service kiosks at the连锁 coffee chain Hollys: consumers need not install a digital wallet and can simply make QR-code-based payments, with blockchain smart contracts automatically executed during settlement. In the cross-border remittance validation, KRW stablecoins were first converted into USD stablecoins using liquidity on the Kaia chain, then transferred by local Vietnamese partners into actual bank accounts. The entire process took only three minutes and reduced fees by approximately 87% compared to traditional SWIFT-based methods.
KB Financial Group Completes Technical Verification of Korean Won Stablecoin Payments and Cross-Border Remittances
KB Financial Group has announced the completion of a technical proof of concept for Korean Won stablecoins in scenarios such as payments, settlements, and international remittances.This verification was jointly conducted by KB Financial Group alongside electronic payment company KG Inicis, public chain Kaia, and digital asset solutions firm OpenAsset. It covered the complete financial service workflow, including Korean Won stablecoin issuance, offline payments, merchant settlement, and cross-border remittances.According to the report, while maintaining users' existing financial service habits, the solution migrated the internal settlement system to a blockchain architecture. In practical payment scenarios, testing was completed through offline self-service kiosks at the coffee chain brand Hollys. Users could pay via QR code without installing a digital wallet, and the system automatically executed on-chain smart contracts during the settlement phase.Furthermore, in the cross-border remittance test, the system first exchanged the Korean Won stablecoin for a USD stablecoin using Kaia's on-chain liquidity, after which a local partner in Vietnam completed the fiat currency credit. The entire remittance process took approximately 3 minutes, with transaction fees reduced by about 87% compared to the traditional SWIFT remittance model. (Yonhap News Agency)
JPYC, the issuer of the yen-pegged stablecoin, has completed a $17.62 million Series B extension round.
According to NADA NEWS, JPYC, the issuer and operator of the Japanese yen-pegged stablecoin JPYC, announced that it has raised an additional $17.62 million in the second closing of its Series B funding round. Combined with the first closing, the total funds raised are expected to reach approximately $28.93 million. Participating investors include NCB Venture Capital, Metaplanet, Kitao Bank, and Yokohama Capital, among others. The newly raised capital will be primarily used for system and application development, hiring talent for business expansion, stablecoin issuance and redemption, trading, payments, management-related operations, and new strategic investments. JPYC stated that, as of April 15, its cumulative issuance has exceeded approximately $13.21 million. The stablecoin is currently supported on Avalanche, Ethereum, and Polygon, and the company is considering adding support for Kaia and Arc.