Kaia and South Korean Megabank KB Kookmin Bank Complete Technical Verification for Won-Based Stablecoin Settlement, Clearing, and Overseas Remittance

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The Kaia DLT Foundation announced the successful completion of a proof-of-concept (PoC) in collaboration with South Korea's KB Kookmin Bank, KG Inicis, and OpenAsset. The PoC covered the entire process for a Won-based stablecoin, from issuance to payment, settlement, and overseas remittance. The verification confirmed the efficiency gains of blockchain technology in financial infrastructure, with the overseas remittance process completed in under 3 minutes and an approximately 87% reduction in fees.