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.