Question 1

What is NHN KCP testing with stablecoins?

Accepted Answer

NHN KCP is running a proof of concept where roughly 700 employees use stablecoins for QR-code payments at on-site dining facilities and for purchasing PAYCO gift certificates online, with transactions settling in about two seconds on a dedicated Avalanche blockchain.

Question 2

Why does this matter for global crypto markets?

Accepted Answer

NHN KCP processed more than $38 billion in transaction volume in 2025 and is the latest in a series of major Asian payment processors (alongside Japan's TIS and Thailand's KBank) to build live blockchain payment infrastructure on Avalanche, signaling accelerating institutional adoption.

Question 3

When could NHN KCP's stablecoin payments go live commercially?

Accepted Answer

No firm date has been set. Ava Labs Head of Asia Justin Kim told The Block that the launch timeline largely depends on the passage of pending cryptocurrency regulation in South Korea.

NHN KCP

South Korea’s NHN KCP pilots stablecoin payments on Avalanche

One sharp brief.
Every day.

NHN KCP

South Korea’s NHN KCP pilots stablecoin payments on Avalanche

One sharp brief.Every day.

One sharp brief.
Every day.