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The post Chainlink & SOOHO.IO Launch KRW Stablecoin FX for Tourists appeared on BitcoinEthereumNews.com. Key Notes SOOHO.IO and Chainlink have launched Project Namsan, a Korean won stablecoin initiative for foreign exchange. The project uses Chainlink’s CCIP for interoperability and Proof of Reserve to verify stablecoin collateral. A live pilot with Grand Korea Leisure allows tourists to use USD stablecoins for KRW-denominated digital voucher payments. SOOHO.IO, a blockchain technology firm, has partnered with Chainlink LINK $21.33 24h volatility: 8.2% Market cap: $14.46 B Vol. 24h: $1.26 B to launch Project Namsan, a new initiative focused on the Korean won (KRW) stablecoin ecosystem. The project is already running a live pilot program aimed at providing a low-cost foreign exchange (FX) option for tourists in South Korea. The primary goal is to offer a more efficient alternative to traditional currency exchange. The pilot program aims to reduce FX costs significantly, with the project reporting that participants made payments at costs more than 30% lower than conventional channels, according to the official announcement. The project is built on key Chainlink technologies, including its Cross-Chain Interoperability Protocol, a standard that is already gaining institutional adoption for connecting different blockchains. It also uses Chainlink Proof of Reserve to supply continuous, on-chain verification of stablecoin reserves. How Project Namsan Works The pilot has been active since July 2025 in collaboration with Grand Korea Leisure (GKL), a public corporation that operates foreigner-only casinos. In the trial, foreign tourists deposit a USD-based stablecoin and, in return, receive KRW-denominated digital vouchers. This model of using digital assets for tourism is part of a broader regional trend, aiming to streamline the payment process for visitors. Chainlink’s technology plays a specific role in securing this process. CCIP enables the smooth transfer of assets between different networks, while Chainlink Proof of Reserve ensures that the KRW vouchers are only issued after the stablecoin settlement is validated on-chain.…

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