Credit card companies prepare for stablecoin payments with a second task force.

Yonhap Infomax reported that domestic credit card companies are planning to launch a second task force (TF) to prepare for the introduction of a stablecoin-based payment system. Hosted by the Korea Credit Finance Association, nine card companies—Samsung, Shinhan, KB Kookmin, Hyundai, Lotte, Hana, Woori, BC, and NH Nonghyup—will participate. The task force will discuss stablecoin payment structures, encompassing everything from card payments to merchant settlements, as well as the introduction of check cards that enable stablecoin transactions at card terminals.