South Korea’s Busan Bank has completed a Korean won stablecoin infrastructure pilot on Kaia Chain, marking a step forward in the country’s exploration of bank-backed digital currency payments built on public blockchain rails. The pilot, described as a proof-of-concept for won-denominated stablecoin payments, was completed in partnership with fintech firm Danal Fintech. The initiative tested infrastructure for processing stablecoin-based transactions rather than launching a consumer-facing product, according to a report from Digital Today. For related coverage, see Xi Jinping and Trump Discuss Cooperation in Busan.