Kaia pilot cuts won stablecoin remittance costs by 87%
- —Cost of sending 100,000 won fell from 9,600 won to under 1,250 won
- —Most transfers settled in under a minute, with a maximum of three minutes
- —Dollar-pegged stablecoins account for 99.4% of total issuance; non-dollar just 0.6%
- —Japan's JPYC issuer raised about 6 billion yen in a Series B round
Why it matters: The pilot shows that won stablecoins need settlement and FX infrastructure, not just legislation and issuance, to reach real payment use.
Source: TokenPost