Danal Fintech Completes Phase 2 PoC of Korean Won Stablecoin Platform, Cuts Transaction Time to 0.3 Seconds

According to Danal Fintech on June 22, the company and BNK Busan Bank successfully completed the second phase of proof-of-concept (PoC) testing for a Korean won-denominated stablecoin platform. The testing validated the stablecoin's capability to function as a payment method with production-grade transaction speed and stability.

The Phase 2 PoC addressed limitations from Phase 1 by deploying a dedicated Avalanche subnet instead of the public C-Chain, achieving significant improvements: transaction response time decreased from an average of 2 seconds to 0.3 seconds, concurrent transaction stress tests completed without failure, and transaction fees were substantially reduced. Danal Fintech plans to conduct Phase 3 PoC focusing on account integration and offline connectivity, with commercialization to follow upon regulatory framework completion.