Danal Selects Axelar as Partner to Build Korea's First Integrated Stablecoin Ecosystem

Danal, a company specializing in integrated payment business, announced on August 28 that it has selected the global technology platform Axelar as a partner to lead the blockchain financial market, and will begin expanding global stablecoin payments and building an integrated ecosystem in earnest.

Danal plans to apply Axelar's flagship solution, the global blockchain interoperability network, to the stablecoin payment service it is currently developing in collaboration with domestic financial institutions, AI companies, and security firms. This will expand both the supported virtual assets and the number of countries where payments are possible.

This network enables real-time, secure exchange and settlement of over 80 digital assets worldwide. Major global stablecoin issuers and financial service companies, including Circle, Ripple, the Monetary Authority of Singapore (MAS), Mastercard, JP Morgan, and Deutsche Bank, are already using this service.

Additionally, with Danal joining the 'Axelar ecosystem'-which provides integrated support for the issuance, distribution, and settlement of stablecoins-as a new partner, the technological capabilities of this ecosystem’s payment segment are expected to be further strengthened.

The competitiveness of its affiliate service, Paycoin, is also expected to improve. This year, Paycoin has been gradually expanding its services, including resuming in-app payments in Korea and launching the overseas 'Paycoin Mastercard.' Recently, it also introduced the non-custodial wallet 'NC Wallet,' equipped with stablecoin payment and integration features. By joining the Axelar network, the real-life usability of Paycoin (PCI) is expected to increase, leading to a rise in its medium- to long-term value.

A Danal representative stated, "The combination of a world-class blockchain interoperability solution and Danal's advanced virtual asset payment infrastructure will accelerate innovation in the stablecoin industry and contribute to the creation of a more useful and healthy stablecoin ecosystem. We will continue to closely monitor changing market conditions and domestic and international regulatory environments, taking the lead in providing services that enhance everyday convenience."

Meanwhile, Danal will operate a corporate booth at 'Korea Blockchain Week (KBW) 2025' in September, where it plans to showcase its major businesses and innovation cases to domestic and international participants. During the event, Danal will also hold separate meetings with Axelar executives and other key figures to discuss strategic cooperation plans.

This content was produced with the assistance of AI translation services.