Per Woofun AI, South Korean payment processor KG Inicis has executed a strategic cooperation memorandum with the Solana Foundation to deploy stablecoin payment solutions on the Solana network. Leveraging its existing infrastructure that facilitates an annual transaction volume exceeding 250 trillion won, KG Inicis intends to integrate digital asset payments across its extensive merchant network.

The collaboration will also introduce a token-based merchant rewards mechanism to incentivize adoption. This move aligns with a broader trend among South Korean payment giants accelerating the integration of stablecoins into real-world commercial scenarios, marking a significant expansion in on-chain payment capabilities.