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Sui, t’order Team Up to Bring KRW Stablecoin Payments to 300,000 POS Devices in South Korea

The plan targets cheaper retail settlements by using Sui for payments with data on Walrus, with the issuer and launch date still unannounced.

Overview

  • Sui Foundation announced a partnership with t’order to enable a won‑pegged stablecoin payments system across the platform’s nationwide network of more than 300,000 point‑of‑sale devices.
  • The integration will support QR code and facial recognition checkout flows to settle purchases on Sui using a KRW stablecoin that has not yet been assigned an issuer or launch timeline.
  • t’order processes roughly $4.3 billion in annual volume and is targeting a shift from average card fees near 2.5% to costs around KRW 13 per transaction.
  • Projections cite about $350 million in monthly processing and potential annual savings for small businesses approaching KRW 150 billion.
  • All transaction and loyalty data are slated to be stored on Walrus, and reporting noted SUI’s price fell about 3.4% in the referenced 24‑hour period after the announcement.