Digital finance corporations GalaxiaMoneytree(094480) said it will take part in "Current Seoul: Korea at a Crypto Inflection," which Circle, the global stablecoin USD Coin (USDC) issuer, is hosting on the 23rd. The event will be held at the Josun Palace in Seoul. GalaxiaMoneytree plans to discuss cooperation measures for stablecoin-based payment and settlement infrastructure.
Current Seoul is an event that Circle is hosting by inviting domestic financial institutions, virtual asset operators, payment companies, platform operators, and others. It will share institutional changes in the domestic virtual asset market and the development direction of the stablecoin industry, and cover regulatory responses, inter-industry cooperation, and ways to build long-term partnerships.
GalaxiaMoneytree attended with its Blockchain-focused subsidiary Galaxia Metaverse and discussed the potential use of stablecoin-based payment and settlement infrastructure (infrastructure) with counterparts from domestic and overseas finance, payments, and digital asset corporations including Circle. It plans to broaden the scope of cooperation with Circle and jointly seek new digital finance services that consolidation existing electronic payment infrastructure with global stablecoin infrastructure.
GalaxiaMoneytree provides a variety of payment services, including mobile phone payments, credit cards, account transfers, gift certificates, and convenience store payments, and has expanded mobile finance and payment services centered on the Moneytree lifestyle finance platform. In particular, the "Moneytree Card" has grown to the level of about 300 billion won in annual top-ups and payments.
By linking the "Money Club" operated by Galaxia Metaverse with the Moneytree app, it has also built experience combining financial services with a Blockchain-based virtual asset ecosystem, such as rewarding Moneytree Card users with Galaxia (GXA). Based on its experience in payments and platform operations, it plans to gradually review collaborative projects that link global stablecoin infrastructure with domestic payment services and virtual asset-based rewards services.
A GalaxiaMoneytree official said, "Taking into comprehensive consideration domestic regulatory compliance, user protection, and convenient payment experiences, we will prepare a service model that allows stablecoins to be used safely in everyday life."