A South Korean financial tech startup is teaming up with one of the crypto world’s fastest blockchains to lay the groundwork for a new digital currency infrastructure.
Travel Wallet, a platform focused on foreign exchange solutions, is joining forces with Avalanche to develop a Korean won-pegged stablecoin designed for both domestic use and international expansion.
Their partnership, recently formalized through a memorandum of understanding, aims to create more than just another digital asset. The focus is on programmable money—smart contract-driven stablecoins that could power real-world payment systems and financial automation. The companies envision a payment architecture that blends blockchain efficiency with fiat stability, offering benefits to consumers and businesses alike.
According to the project’s vision, this won-based token could be used in everything from retail transactions to B2B corporate settlements, integrating smoothly into both online ecosystems and point-of-sale systems in the physical world. The long-term ambition is to build a financial backbone that can operate across borders while staying compliant with South Korean regulations.
Travel Wallet’s CEO, Kim Hyung-woo, believes this move could help redefine the relationship between technology and finance, hinting at potential for this platform to expand into a broader global payment system.
Meanwhile, South Korea’s political leadership is preparing the ground for deeper crypto integration. President Lee Jae-myung, who campaigned on promises to liberalize the digital asset space, has signaled support for spot crypto ETFs and a structured approach to stablecoin oversight. Regulatory authorities are now working toward drafting frameworks to back those plans, with updates expected later this year.
With institutions aligning and infrastructure being laid, the Avalanche–Travel Wallet partnership marks a significant moment in South Korea’s emerging stablecoin narrative—one that may eventually influence how fiat-backed digital currencies function on a global scale.
Alexander Stefanov
Reporter at Coindoo
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over 8 years of experience covering the crypto, blockchain and fintech industries, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics.
Source: https://coindoo.com/south-korea-moves-toward-blockchain-payments-with-avalanche-deal/