SOOHO.IO and Chainlink Promote the Development of the Korean Won Stablecoin Ecosystem
South Korean blockchain technology company SOOHO.IO and Chainlink jointly launched the "Project Namsan" project, which aims to build a Korean won stablecoin ecosystem. The project has launched a pilot event for foreign tourists, where participants can deposit US dollar stablecoins in exchange for digital payment vouchers denominated in Korean won, reducing payment costs by more than 30% compared to traditional foreign exchange channels. The project uses Chainlink's Cross-Chain Interoperability Protocol (CCIP) to connect multiple public and private chains, and continuously verifies stablecoin reserves through Chainlink's Proof of Reserve technology to ensure that Korean won payment vouchers are only issued after stablecoin settlement verification, realizing a transparent and reliable delivery versus payment model (DvP). CCIP adopts a deep defense security model, and its consensus layer is supported by the Chainlink Decentralized Oracle Network (DON), which