Hecto Financial Emerges as the Core of Stablecoin Settlement

Mirae Asset Securities announced on the 6th that Hecto Financial has emerged as the "core of stablecoin settlement."

Nami Kim, a researcher at Mirae Asset Securities, stated in a report that day that Hecto Financial is expanding its scope beyond an account-based fintech platform and payment gateway (PG) into a "stablecoin rail," adding that "expectations for policies related to stablecoins and digital assets are coming into focus as an additional growth momentum."

Researcher Kim said, "Hecto Financial has moved beyond the preparation stage for stablecoins and is preoccupying the market by already completing the build-out of its execution infrastructure," and added, "By recently completing infrastructure based on the Circle Payment Network (CPN), it has secured a global settlement rail centered on stablecoins."

She continued, "Through this, Hecto Financial has established an automated, real-time cross-border settlement system using USDC and other stablecoins without intermediaries, and going forward, based on Arc's on-chain FX engine and settlement finality, it plans to fully launch its push into the B2B payment and remittance market for global platforms."

Researcher Kim added, "If, in the future, the stablecoin-based settlement rail is integrated and partnerships and connectivity with global ecosystems such as Circle are further specified, Hecto Financial is expected to gain additional growth potential by strengthening its speed and cost competitiveness in overseas settlements."

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