South Korean financial giant KB files patent for stablecoin credit card

KB Kookmin Card, a subsidiary of South Korea's largest financial group, has filed a patent for a hybrid payment technology that integrates existing credit cards with blockchain-based digital wallets holding stablecoins. Customers can link a wallet address to their credit card, allowing stablecoin balances to be automatically prioritized for payments, with any shortfall charged to the credit card. KB aims for this system to reduce friction for digital asset payments by maintaining the familiar credit card infrastructure, user experience, and associated benefits like rewards. This move aligns with South Korea's regulatory push for a local won-pegged stablecoin market under the upcoming "Digital Asset Basic Act," though debates continue over whether issuance should be limited to licensed banks.

(Source：The Block)