[Edaily Reporter Kwon Oh Seok ] Digital finance leader GalaxiaMoneytree Co.,Ltd.(094480)announced that it will participate in “Current Seoul: A Turning Point for Korean Cryptocurrency,” an event hosted by Circle, the issuer of the global stablecoin “USDC,” on the 23rd. (Photo: GalaxiaMoneytree Co.,Ltd.) The event will take place at the Chosun Palace in Seoul, hosted by Circle, which has invited domestic financial institutions, virtual asset service providers, payment companies, and platform operators. Discussions at the event are expected to cover regulatory changes in the domestic digital asset market, the future direction of the stablecoin industry, regulatory compliance, cross-industry collaboration, and strategies for building long-term partnerships. USDC, issued by Circle, is a digital asset backed by U.S. dollar-denominated cash and cash equivalents and is redeemable at a 1:1 ratio with the U.S. dollar under certain conditions. It is used in various areas, including global payments, settlement, remittances, and blockchain-based financial services. GalaxiaMoneytree Co.,Ltd. will attend the event alongside its blockchain subsidiary, Galaxy Metaverse, to discuss the potential for utilizing stablecoin-based payment and settlement infrastructure with domestic and international financial, payment, and digital asset companies, including Circle. The company plans to use this opportunity to explore new digital financial services that integrate its existing electronic payment infrastructure with global stablecoin networks. GalaxiaMoneytree Co.,Ltd. provides a variety of payment services, including mobile payments, credit cards, bank transfers, gift cards, and convenience store payments, and has been expanding its mobile financial business centered on the lifestyle finance platform “MoneyTree.” In particular, the “MoneyTree Card” continues to grow, with annual top-ups and payments totaling approximately 300 billion won. Furthermore, by linking the “Money Club”—operated by Galaxy Metaverse—with the MoneyTree app to reward MoneyTree Card users with Galaxy (GXA), the company has accumulated experience in combining a blockchain-based digital asset ecosystem with financial services. Building on these capabilities, the company plans to gradually explore collaborations that integrate global stablecoin infrastructure with domestic payment services and digital asset-based reward systems. Furthermore, the company plans to prioritize compliance with domestic regulations and user protection throughout the service rollout process, and, when necessary, collaborate with registered domestic operators to establish a business structure that complies with relevant laws and regulations.
(Photo: Blind)
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