{
  "id": 3881417,
  "title": "Korean Exporters to Receive Stablecoin Payments, Settle in Won",
  "url": "https://urgent.news/2026/08/28/korean-exporters-to-receive-stablecoin-payments-settle-in-won",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-28T03:58:16.000Z",
  "source": {
    "name": "BusinessKorea",
    "slug": "businesskorea",
    "url": "https://www.businesskorea.co.kr/news/articleView.html?idxno=275718"
  },
  "original_language": "en",
  "account": "A new B2B payment system is being developed to allow Korean exporters to receive payments in stablecoins, with the funds settled in won. The system, being jointly built by digital-asset custody firm BDACS and invoicing service provider Cheongguseu, aims to streamline cross-border payment processes. BDACS and Cheongguseu will work together to develop a one-stop structure for invoice issuance, payment, and settlement, eliminating the need for exporters to directly hold digital assets. The companies plan to link payment and settlement data with ERP systems to automate accounting processes. The system will initially allow exporters to receive payments in stablecoins such as USDT or USDC, which will be settled in won without the exporter needing to hold stablecoins directly. BDACS will provide custody services, while Cheongguseu will manage invoice issuance, payment verification, and documentation. The companies are also exploring the use of a won-denominated stablecoin, \"KRW1,\" in the payment and settlement process. The system is expected to reduce fees and settlement times compared to conventional international transfers. However, several regulatory hurdles remain before the system can be commercialized, including addressing foreign-exchange reporting, taxation, anti-money-laundering requirements, and sender verification. The companies plan to roll out the service in stages, pending the development and updates of relevant laws and regulations. The exact launch date and participating companies have not been disclosed, but the companies aim to start with an invoice, receiving payment in stablecoins, and settling the proceeds in won.",
  "summary": "A new business-to-business (B2B) payment system is being developed to allow overseas buyers to pay Korean exporters in stablecoins, with the proceeds settled in won. The system is expected to enable exporters to receive payments faster and at lower cost without having to hold digital assets themselv",
  "key_points": [
    "Korean exporters to receive stablecoin payments, settle in won.",
    "BDACS and Cheongguseu jointly develop B2B payment system.",
    "System aims to streamline cross-border payments, reduce fees."
  ],
  "editors_take": "This development allows Korean exporters to bypass direct handling of digital assets, streamlining cross-border payments and reducing fees and settlement times, while also automating accounting processes through ERP system integration.",
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}