SUI and t'order to introduce KRW stablecoin for real-world payments in Korea
The collaboration aims to reduce small business payment costs and expand blockchain adoption throughout South Korea’s retail sector.
Key Takeaways
- SUI blockchain and t'order are launching a KRW (South Korean Won) stablecoin for real-world payments in Korea.
- The KRW stablecoin will allow low-cost, seamless payments across retail and small businesses, integrating with t'order's 35 million monthly user base.
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SUI, a layer-1 blockchain network, and t’order, South Korea’s leading table-ordering app, are introducing a KRW stablecoin for real-world payments in Korea.
The digital currency pegged to the South Korean Won is designed for seamless, low-fee payments in everyday retail scenarios. SUI has partnered with t’order and Walrus Protocol to integrate blockchain-based payments, enabling face-pay features for 35 million monthly users.
T’order processes over $4.3 billion in annual transaction volume across 300,000+ point-of-sale devices. The initiative targets small businesses by reducing credit card fees, potentially saving them $100 million annually through stablecoin transactions.
The launch aligns with South Korea’s growing stablecoin ecosystem, where platforms like Kaia and Upbit are also advancing KRW-pegged assets amid a crypto-friendly regulatory environment.
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