Gate News, KB Kookmin Card, a major South Korean financial group, announced a partnership with Avalanche, planning to launch a “hybrid stablecoin credit card” to drive deep integration between traditional payment systems and blockchain technology. The project will be built on a public blockchain and will explore practical real-world deployment of stablecoins in everyday spending scenarios.
According According to the patent plan that KB previously disclosed, this hybrid payment system will connect credit cards with digital wallets, allowing users to flexibly use stablecoins and credit limits within the same transaction. The specific mechanism is as follows: stablecoin balances in the digital wallet are deducted first; when the balance is insufficient, the system automatically switches to credit-card payment, enabling a seamless settlement experience. At the same time, users can still enjoy traditional credit-card benefits such as points rewards, thereby lowering the barrier to using digital assets.
On the technical side, KB will also collaborate with the digital-asset infrastructure company OpenAsset to build a complete stablecoin system covering top-ups, payments, and settlement. This design means that stablecoins are no longer limited to on-chain transfers; instead, they will gradually be embedded into offline consumption and mainstream payment networks, expanding real-economy application scenarios.
This move is highly aligned with South Korea’s current push for a domestic stablecoin strategy. As President Lee Jae-myung advances the “Digital Asset Basic Act” legislation, the market is making room for compliant stablecoin issuance. Banks, payment institutions, and fintech companies are all accelerating their deployments, and once the regulatory framework is in place, related products are expected to enter commercial stages quickly.
From an industry perspective, KB’s partnership with Avalanche is not only a single-product innovation, but also reflects a reassessment by traditional financial institutions of blockchain payment infrastructure. Through a hybrid model of “stablecoin + credit card,” it preserves the stability of the existing financial system while introducing the efficiency advantages of on-chain assets, and could become an important next evolution direction for digital payments in the future. (The Block)
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