LG CNS develops stablecoin issuance, trading and distribution platform, Aug. 14 report shows

LG CNS is developing a platform for the issuance, trading and distribution of stablecoins, extending the South Korean IT services company's broader push into blockchain-based financial infrastructure outlined in its half-year report released on Aug. 14. The company identified blockchain as a core research and development area, placed the project within its digital trust business and said it is also working on technology for CBDC and stablecoin transactions, including confidentiality, interoperability and an Agentic AI payment service based on a central bank digital currency platform. The report did not provide a launch timeline, but the initiative suggests LG CNS wants to build enterprise-grade digital currency infrastructure as stablecoins gain traction in payments, remittances and institutional settlement.

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