Chainlink and LG CNS Partner on Won Stablecoin Infrastructure

Chainlink and LG CNS announced a partnership on October 22 to develop digital-asset infrastructure and support the use and distribution of South Korean won stablecoins, with integration planned for LG CNS’s platform solutions for local institutions. The companies said LG CNS plans to incorporate Chainlink’s cross-chain, data and orchestration technology into its digital-asset platform. They also intend to cooperate on technical standards for South Korea’s digital-asset framework. The announcement describes plans, not a completed commercial deployment. The companies cited a South Korean cryptocurrency market valued at $68 billion and more than 11 million eligible users for won stablecoins. Those figures were presented in connection with the announcement; the partnership did not include financial terms, named customers or a commercial launch timetable. Stablecoins are digital tokens designed to maintain a stable value, often by tracking a national currency. Chainlink’s technology connects blockchain applications with external data and systems and enables communication across separate blockchain networks. The companies said the infrastructure could support the movement of...