Coupang Pay Considers Stablecoin to Cut Transaction Fees

Coupang Pay, the payment arm of South Korea's top e-commerce company Coupang, is reportedly considering the launch of a stablecoin. According to NS3.AI, this initiative aims to lower the high transaction fees associated with payments, potentially saving the company hundreds of billions of won each year. Industry experts view this development as a significant move towards integrating blockchain-based payment solutions in large-scale e-commerce.