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CryptoMedium•31 March 2026•

1 min read

Avalanche Partners with South Korea's KB Kookmin Card for Stablecoin Payments

Key Facts

1KB Kookmin Card, one of South Korea's largest credit card issuers, is developing a hybrid stablecoin-based payment model on the Avalanche network.

2The project involves collaboration with digital asset provider OpenAsset to integrate blockchain into existing card infrastructure.

3AVAX price rose 1.7% to approximately $8.94 following the announcement of the deal.

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2 additional sources confirmed this story

KB Kookmin Card, a leading credit card issuer in South Korea, has announced a partnership with the Avalanche network to develop a hybrid stablecoin-based payment model. The project involves a strategic collaboration with digital asset provider OpenAsset to integrate blockchain technology directly into existing card infrastructure. Following the announcement, the price of the AVAX token responded positively, rising 1.7% to reach approximately $8.94. This move marks a significant milestone in institutional adoption within South Korea's robust financial sector. By leveraging the Avalanche network, KB Kookmin Card aims to enhance the efficiency and security of its payment processing systems. Analysts suggest that this partnership serves as a fundamental catalyst for AVAX, showcasing its practical utility in large-scale traditional finance.