MoonPay establishes a Korean subsidiary to deploy in Asia-Pacific, accelerating Korean won stable currency and compliant deposits and withdrawals

PANews reported on September 29 that according to The Block, MoonPay has established a subsidiary in South Korea and plans to build it into an Asia-Pacific business hub. MoonPay simultaneously announced cooperation with large local financial institutions such as KakaoBank, Woori Bank, and KB Financial Group. The cooperation covers cross-border payments, issuance and distribution of Korean Won (KRW) stable currency, wallet services, and the construction of legal currency access and withdrawal channels for crypto assets.

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