[E-Daily Reporter Hyera Lee ] Digital financial platform company GalaxiaMoneytree Co.,Ltd.(094480)announced on the 14th that it has completed a proof of concept (PoC) for a stablecoin-based payment service in collaboration with Sebit Island, a multi-cultural complex in Seoul.

The two companies verified the entire payment process—including authorization, cancellation, refunds, and settlement—in a real-world retail environment to confirm the service’s stability and operational feasibility. This has laid the groundwork for the company to swiftly launch the service once domestic laws and regulations regarding stablecoins are established.
The validation also confirmed an environment where foreign tourists can make payments using their own stablecoins without the need for separate currency exchange. The company expects this to enhance payment convenience by reducing the burden associated with currency exchange procedures, card fees, and exchange rate fluctuations.
Shin Dong-hoon, CEO of GalaxiaMoneytree Co.,Ltd., stated, “This PoC validated the technical and operational elements necessary to provide the service in various offline commercial environments, such as tourism and cultural facilities, following institutionalization,” adding, “We will prepare to swiftly commercialize the stablecoin payment service in accordance with relevant regulations.”