Initech has resolved to establish a subsidiary called 'Kcle One' dedicated to the stablecoin business, as reported by Money Today. The company plans to complete the subsidiary establishment by mid-August. Initech aims to accelerate its new business in digital assets, including stablecoins, through this subsidiary. Through Kcle One, the company plans to set up four revenue models and launch a full-scale market strategy: △Issuing and managing reserves for the stablecoin △Overseas remittance and settlement △Payment linked to the real economy △DeFi operation.
Initech establishes 'K-CLE One,' a subsidiary dedicated to KRW stablecoins.
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