According to Shinhan Card, on Nov 10, the company's executive Nam Namgung Seol stressed that for won-denominated stablecoins to function as effective payment instruments, a complete settlement system is essential. The system must handle approvals, cancellations, refunds, and clearing—not just transfers. Nam differentiated between simple fund transfers and actual payment settlements required for commerce, emphasizing that stablecoins need to replicate the full transaction lifecycle of traditional card payments to serve legitimate commerce.

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