MoonPay, a cross-border payment platform, and Dunamu, the parent company of South Korean exchange Upbit, are exploring a potential collaboration on stablecoin payments. The partnership aims to enhance the use of stablecoins for financial transactions. Stablecoins are digital assets pegged to the value of a specific currency, providing a more stable store of value compared to other cryptocurrencies.
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The companies also plan to explore ways to broaden global access to Dunamu's Ethereum Layer 2, GIWA chain. GIWA is a scalable and secure blockchain solution designed to support high transaction volumes. By expanding access to GIWA, the companies aim to increase adoption and usage of the blockchain platform.