Onselfworld and KSNet Sign MOU to Expand Won Stablecoin Ecosystem

Domestic blockchain wallet operator Onselfworld and comprehensive payment infrastructure provider KSNet are joining forces to accelerate the convergence of everyday economic activities and blockchain technology.

On December 31, the two companies announced that they have signed the "Won Stablecoin Postpayment Demonstration Partnership (MOU)." This partnership aims to establish a new concept of a practical won-denominated stablecoin model that converts payment amounts used by consumers in daily life into digital assets.

The companies plan to complete the Proof of Concept (PoC) and set up the environment for the "Postpayment Reward Integration Model" in the first half of next year.

By utilizing KSNet's merchant infrastructure, the companies will provide a user experience (UX) that links the user's payment moment with MyB reward benefits in real time. Payment data will be connected to personalized advertisements through W3ID targeting, creating a reward circulation structure.

KSNet CEO Han-Kook Park (left) and Onselfworld CEO Changhyun Jo are taking a commemorative photo after signing the "Won Stablecoin Postpayment Demonstration Partnership (MOU)." Onselfworld

Onselfworld is a blockchain wallet operator with 1.2 million MyB app users and has issued 40 million SBTs (Soulbound Tokens), the largest number globally. The company has secured a patent for W3ID, which supports the Know Your Wallet (KYW) system essential for expanding the stablecoin ecosystem.

KSNet has a network of merchants including Olive Young, Daiso, and KFC, and is preparing to launch "CryptoPG," a digital asset-based payment service, in collaboration with Crypto.com.

Jang Changhyun, CEO of Onselfworld, stated, "By combining our wallet user base and merchant networks, we will create a reward ecosystem to promote the use of won stablecoins."

Park Hanguk, CEO of KSNet, said, "This is the first practical use case model that combines payment infrastructure and blockchain wallets for won stablecoins," adding, "We will provide real value to both merchants and users."