Fashion Group Hyungji Partners with Arbitrum Foundation for Stablecoin Payment System

South Korean apparel company Fashion Group Hyungji has entered into a memorandum of understanding with Arbitrum Foundation to create a digital payment system based on stablecoins. According to NS3.AI, the collaboration seeks to integrate stablecoin payments within Hyungji's distribution networks both domestically and internationally. This initiative is anticipated to enhance payment convenience and lower transaction costs.