BNK Busan Bank Begins 'Stablecoin Joint Research'... Officially Joins OBDIA

BNK Busan Bank (President Bang Seongbin) announced on July 2 that it officially joined the 'Stablecoin Division' of the Open Blockchain·DID Association (OBDIA), a non-profit corporation, on June 30 and has begun full-scale joint research in this field.

OBDIA is a private consultative body that promotes the institutionalization and demonstration of blockchain-based financial services. In April, it launched the 'Stablecoin Division' to examine the potential of won-based stablecoins from multiple perspectives. Major financial institutions such as KB Kookmin, Shinhan, Woori, NH Nonghyup, and IBK Industrial Bank are currently participating.

Previously, Busan Bank was the only regional bank to participate in 'Project Hangang,' the central bank digital currency (CBDC) pilot project led by the Bank of Korea. At that time, the bank was recognized for acquiring relevant technology and expertise through its experience in stable service operation.

The bank stated that by participating in this stablecoin joint research, it plans to establish a bidirectional response system based on its 'Project Hangang' experience and to build a foundation for agile responses in line with the pace of related regulatory adoption.

The bank also plans to actively leverage its experience as an operator of the local currency 'Dongbaekjeon' to build a digital currency model that can be distributed in the actual market.

A Busan Bank official said, "Securing the capability to conduct practical demonstrations that can flexibly respond to various scenarios is more important than ever, especially as stablecoin-related regulations are still in progress. Whether the post-institutionalization model is led by the public sector or centered on the private sector, Busan Bank will continue to participate meaningfully with its own differentiated role."

BNK Busan Bank Headquarters

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