MoonPay Korea It will support global distribution, cross-border payment, wallet access and currency conversion infrastructure for Korea’s emerging, acquired support stablecoin Sunday. As part of this effort, MoonPay Korea signed its first banking MOU with Woori Bank, South Korea’s oldest commercial bank and one of the four largest banks.
The MoU marks an important step in MoonPay Korea’s strategy to support bank-led stablecoin initiatives in Korea by connecting regulated KRW stablecoin adoption with the MoonPay group’s global wallet network, payment products and payment infrastructure. This also marks MoonPay Korea’s first official banking collaboration in Korea, focused on supporting the development of the KRW stablecoin infrastructure. The consortium will explore how KRW-denominated stablecoins can be used beyond domestic payments, including remittances, commercial payments, corporate payments and cross-border financial activities.
MoonPay Korea will serve as an infrastructure partner supporting the global distribution and payment layer for Korean bank-led stablecoin initiatives, within the framework of relevant regulations and requirements as they are established. This includes providing the infrastructure for cross-border payment and wallet distribution through the MoonPay group’s global network.
MoonPay’s US issuance platform offers a fully regulated and white-label solution for the issuance and scaling of private, fully reserve-backed stablecoins. The issuance platform allows institutions, fintechs and businesses to mint, redeem and manage stablecoins at scale.
South Korea has emerged as one of the most regulatory advanced markets for digital assets. The country is poised to move from bank-led stablecoin pilots to local merchant adoption and eventually cross-border settlement, creating a clear on-ramp for infrastructure providers with global reach. MoonPay Korea is also exploring ways to support Korea’s move beyond the traditional bank clearing model to broader wallet diversity and self-custody.
MoonPay Korea appointed Bugeon LeeFounding executive as chairman of APAC. Based in Seoul, Lee will oversee direct collaboration with Korean regulators, banks and corporate partners as MoonPay Korea prepares to introduce the KRW stablecoin infrastructure.
“Korea’s regulatory clarity, scale and technological sophistication provide a strong foundation for stablecoin adoption.” Lee said. “MoonPay Korea will help Korean institutions expand the won’s reach into digital commerce by combining regulated KRW issuance with global distribution and payment through the MoonPay group.”
