Danal and LINE Next Partner to Expand JPYC Stablecoin Payments in Korea

Danal and LINE Next signed a strategic memorandum of understanding on the 18th at LY Corporation's Akasaka headquarters in Japan to expand real-world payment usage of JPYC, a Japanese yen-pegged stablecoin, in South Korea. The partnership aims to connect overseas digital wallets with Korea's consumer market through JPYC-based cross-border payment infrastructure. LINE Next operates the Unifi stablecoin fintech service within the LINE app ecosystem, while Danal brings proprietary digital asset payment technology and network capabilities to the collaboration.

Danal and LINE Next Sign JPYC Payment Partnership

Danal announced the signing of the MOU with LINE Next, a Web3 subsidiary of LY Corporation (formerly LINE Yahoo), at LY's Akasaka headquarters in Japan on the 18th. LINE Next operates Web3 services leveraging the LINE app ecosystem and has been expanding digital asset wallet and payment services through its stablecoin fintech platform Unifi. Danal stated it will build a "JPYC cross-border payment model" based on Unifi infrastructure, utilizing its proprietary digital asset payment technology, patents, and merchant network.

Partnership Targets Korea-Asia Payment Expansion

The two companies plan to launch JPYC payment services starting in Korea and expand to major Asian regions. The partnership aims to create a financial ecosystem connecting digital assets with physical retail payment markets. Beyond JPYC, Danal and LINE Next stated they will continue collaborating across various digital asset and Web3-based payment sectors to develop new global payment models.

Danal Official Comments on Payment Infrastructure Goals

A Danal representative stated, "The collaboration with LINE Next will become a new case example where cross-border digital asset-based payments expand into actual consumer sectors, moving beyond existing overseas card and currency exchange-centered payment methods." The representative added, "As the foreign visitor consumption market in Korea has grown rapidly recently, we will expand new payment infrastructure to enable more convenient payments across diverse sectors."

FAQ

What did Danal and LINE Next announce on the 18th?

Danal and LINE Next signed a strategic MOU at LY Corporation's Akasaka headquarters in Japan on the 18th to expand real-world payment usage of JPYC, a Japanese yen stablecoin, in South Korea.

What is LINE Next's role in the partnership?

LINE Next operates the Unifi stablecoin fintech service within the LINE app ecosystem and will provide the infrastructure for building a JPYC cross-border payment model with Danal.