TechFlow, July 1 — According to South Korean media NAVER, fintech foreign exchange platform Travel Wallet has signed a strategic cooperation agreement with Avalanche to jointly develop a Korean won-pegged stablecoin and programmable stablecoin.
The two parties plan to issue a stablecoin pegged 1:1 to the Korean won and design a programmable stablecoin model integrating smart contract technology. This programmable stablecoin will use smart contracts that automatically execute based on predefined conditions, enabling automated financial transaction processes such as escrow, payments, and installment plans without human intervention.
Travel Wallet plans to build an online and offline payment system around the stablecoin, along with B2B settlement and financial automation solutions for enterprise clients. Travel Wallet CEO Kim Hyung-woo said the project aims to redesign financial operations through technology and holds significant potential to scale into global payment infrastructure.
