According to MoonPay, the Korean won will be brought onchain through its South Korea-based arm in partnership with Woori Bank, linking a local currency to blockchain-based payments infrastructure.
MoonPay announced that the Korean won will launch onchain through its Korean arm in partnership with Woori Bank. The statement indicates a move to connect South Korea’s national currency with blockchain-based payment rails. In crypto markets, bringing fiat currency onchain typically means enabling digital representations or settlement flows on blockchain networks, which can improve speed, programmability, and integration with digital asset services.