According to Yonhap News, South Korea’s crypto asset custodian BDACS will partner with Devall Company, the operator of the accounts receivable management service “Cheonggus,” to build a cross-border B2B payment and settlement infrastructure based on stablecoins. The solution will enable export companies to send invoices via Cheonggus, with overseas buyers paying using stablecoins such as USDT and USDC, followed by BDACS handling asset custody and settlement into Korean won. The two parties also plan to explore integrating payment and settlement data into enterprise ERP systems to automate accounting processes.
BDACS and Devall Company to Build Cross-Border Trade Settlement Infrastructure Based on Stablecoins
TechFlowShare
Summary
Digital asset news broke Tuesday as BDACS, a Korean crypto custodian, partnered with Devall Company to develop a stablecoin-based cross-border trade settlement system. The platform will enable exporters to send invoices via Cheonggus, with overseas buyers paying in USDT or USDC. BDACS will handle custody and convert funds to KRW for settlement. The companies also plan to integrate payment data with ERP systems to automate accounting. Crypto news highlights this initiative as a step toward faster, automated trade finance.
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