GalaxiaMoneytree Partners with Circle for Stablecoin Payments in Korea

GalaxiaMoneytree, a digital finance corporation in Korea, has joined Circle's Current Seoul event to advance stablecoin payments. The event was held on July 23rd at the Josun Palace in Seoul and brought together domestic financial institutions, virtual asset operators, payment companies, and platform operators.

GalaxiaMoneytree plans to discuss cooperation measures for stablecoin-based payment and settlement infrastructure with counterparts from Circle and other finance, payments, and digital asset corporations. The company's CEO, Shin Dong-hoon, was present at the event along with Galaxia Metaverse, its blockchain-focused subsidiary.

GalaxiaMoneytree provides various payment services, including mobile phone payments, credit cards, account transfers, gift certificates, and convenience store payments. It has expanded mobile finance and payment services centered on the Moneytree lifestyle finance platform, which has seen significant growth with over 300 billion won in annual top-ups and payments.

The company aims to broaden its cooperation with Circle and jointly develop new digital finance services that combine global stablecoin infrastructure with domestic payment services and virtual asset-based rewards. It plans to review collaborative projects that link global stablecoin infrastructure with domestic payment services and virtual asset-based rewards services, taking into consideration regulatory compliance, user protection, and convenient payment experiences.