Wemade said on the 20th that it signed a memorandum of understanding (MOU) with NICE Information & Telecommunication to build Web3 payment infrastructure.
With this agreement, the two companies will embark on research and development of payment infrastructure that fuses Web3 and legacy finance. Specifically, the tasks under review for cooperation include sharing information on stablecoin and Blockchain payment technologies and exploring the potential use of tokenized assets, including real-world assets (RWA).
In particular, the companies plan to focus on experiments to actually link Wemade's virtual assets "WEMIX" and "USDC.e" to the NICE Information & Telecommunication payment network to verify commercialization potential. USDC.e is a stablecoin that allows the Ethereum-based stablecoin USDC to be used on the WEMIX 3.0 mainnet.
NICE Information & Telecommunication will join "GAKS," a global won stablecoin alliance led by Wemade. Through this, the companies plan to share rapidly changing regulatory trends related to digital assets and discuss joint response measures.
Kim Seok-hwan, a vice president at Wemade, said, "This agreement began with the idea of thinking together about how Web3 technology can naturally meet the existing financial environment," adding, "With NICE Information & Telecommunication, a trusted partner, we aim to produce meaningful results step by step after sufficient reviews and tests."