On March 31, KB Card, one of South Korea's largest credit card companies, announced a partnership with Avalanche to introduce a hybrid stablecoin credit card payment model. This model is based on KB Card's hybrid payment patent, combining stablecoins with traditional credit cards. Users can link their existing credit cards to a digital wallet, prioritizing stablecoin balances for payments, with any shortfall automatically charged to the credit card. Additionally, KB Card announced a collaboration with digital asset infrastructure company OpenAsset to jointly develop a complete stablecoin system that includes recharging, payments, and settlements, lowering the barrier for users to utilize stablecoins while retaining credit card rewards and benefits. Currently, South Korea is actively promoting a stablecoin market pegged to the Korean won, with the 'Digital Asset Basic Law' expected to introduce a regulatory framework within this year. Several banks and payment institutions are preparing related products.