Six major Korean banks announced a stablecoin joint venture in April with the Open Blockchain and DID Alliance coordinating the project. The only missing large bank was Hana Bank, which has now filed a stablecoin trademark registration and announced plans to join the consortium, as reported by Aju Economy. Another consortium member KB Kookmin, Korea’s largest bank, also filed for a trademark.
While previous reports were of a joint stablecoin, from the trademark registrations it appears that the infrastructure will be shared, but there will be separate tokens.
The original six bank consortium members were KB Kookmin, Shinhan, Woori, NH Nonghyup, IBK Industrial, SH Suhyup. Recent additions include iM Bank and K Bank, although there are some unconfirmed reports that Standard Chartered Korea is also joining.
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