Here is another significant development in the stablecoin industry, a crypto niche that has been showcasing unprecedented growth in 2025. In South Korea, stablecoins are experiencing growth, and amid this trend, payment giant BC Card has enabled stablecoin payment for foreigners while shopping with local merchants.
More specifically, the credit card company introduced a pilot project for stablecoin payments aimed at foreigners. For this stablecoin venture, BC Card got into partnership with the blockchain financial platform Wavebridge, digital wallet provider Aaron Group, and global remittance company Global Money Express.
Besides the stablecoin vertical witnessing numerous developments, the new move signals one major thing: payment networks and payment platforms are deeply diving into stablecoin payment methods.
BC Card is a South Korean payment processing and card network company that has already been in the crypto industry with a stablecoin payment infrastructure through a collaborative venture with blockchain infrastructure firm DSRV.
Now that foreigners can pay South Korean merchants using stablecoins, the industry is taking a significant step toward advancing the stablecoin sector both domestically and globally.
BC Card’s stablecoin move indicates the rising competition in the industry, driven particularly by the GENIUS Act of the US. This act, signed in July 2025, has drawn the attention of several banks, financial institutions, and firms to launch, integrate, and adopt stablecoins.
Once the US received a solid, comprehensive framework for the use of stablecoins, crypto firms in other countries began eyeing stablecoin integrations. Consequently, this has led to competition in other countries, including South Korea and Japan.
Payment platforms are accelerating stablecoin adoption
When it comes to stablecoin initiatives by payment networks, PayPal has its own PYUSD stablecoin for saving, global remittances, low-fee digital payments, e-commerce shopping, P2P transfers, and more.
Visa integrated Circle’s USDC stablecoin to process settlements for merchants and connect users’ stablecoin wallets to their Visa cards. Payment platform Mastercard has also collaborated with Paxos, a blockchain infrastructure firm, and Circle to enable stablecoin settlements.
Stripe, another payment processor, is no exception. It allows businesses to accept USDC payments on multiple blockchains.
As the aforementioned examples hint toward the progress in the stablecoin industry, the year 2026 is set to bring further growth in the industry. Several regulators, such as the UK’s Financial Conduct Authority (FCA) have stated that stablecoin payments are one of the priorities for the next year.
