NHN KCP, one of South Korea’s largest payment firms, is testing stablecoin payments on a private Avalanche Layer 1 developed with Ava Labs. The pilot, which began on May 21, covers online and offline transactions and allows about 700 employees at the company’s headquarters to make purchases at its café and cafeteria via QR codes, with settlement completed in under two seconds. The system also integrates with PAYCO for stablecoin-based gift certificate purchases and redemptions, and uses smart contracts to automate settlement while providing merchants with real-time monitoring tools. NHN KCP’s wider commercial rollout still depends on South Korea’s proposed Digital Asset Basic Act, which is expected to define stablecoin licensing and issuance rules. The source says the pilot could speed blockchain adoption in mainstream finance and influence digital payment systems more broadly.