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Techub News reports that, according to U.Today, Hanax Financial TI and others have completed PoC testing for a Korean won stablecoin based on the XRP Ledger. The test uses XRPL’s native protocol to implement functions such as wallet whitelisting and asset freezing, meeting institutional investors’ compliance requirements.
This testing comes as South Korea prepares for a new stage of digital asset regulation. Currently, South Korea is a major trading market for XRP, and this PoC is intended to bring foreign exchange business onto the XRP Ledger. If regulators approve, XRPL could become the infrastructure for digital Korean won in South Korea’s commercial sector.