TLDR
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Hana Card launches USDC stablecoin payments for foreign tourists in Korea.
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Visitors can fund prepaid cards with stablecoins for local purchases.
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Crypto.com cards offer 5% cashback in CRO to encourage crypto usage.
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Pilot tests integration of stablecoins with traditional payment networks.
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Hana prepares for KRW-pegged stablecoins amid upcoming regulations.
Hana Financial Group has launched a stablecoin payment program targeting foreign visitors in South Korea. The initiative allows tourists to use U.S. dollar-backed stablecoins for purchases at local merchants. The program aims to integrate digital assets into Korea’s card infrastructure while offering real-world use experience.
The program is led by Hana Card, the group’s credit card unit, and partners with global crypto firms Circle and Crypto.com. Foreign visitors can fund prepaid cards with stablecoins and spend them at participating merchants nationwide. This effort provides an opportunity to test the practical use of stablecoins in regulated payment systems.
Hana Financial Group designed the initiative to expand stablecoin adoption among tourists while gathering data on consumer demand. The program also offers incentives to encourage early participation. Through these measures, Hana aims to evaluate the feasibility of stablecoins as a mainstream payment method.
Circle’s USDC Enables Digital Payments for Tourists
The program uses USDC, a U.S. dollar-backed stablecoin issued by Circle, as the main payment option. One USDC maintains a one-to-one value with the U.S. dollar, ensuring stable transactions. Users with USDC balances can pay at merchants participating in the program across South Korea.
Hana Card’s pilot aims to test how stablecoins interact with conventional card networks and payment terminals. This collaboration builds on a strategic agreement between Hana and Circle signed in December 2025. The agreement seeks to expand USDC usage for payments, settlements, and cross-border services within Korea.
The USDC initiative also positions Hana Financial Group to prepare for future regulatory frameworks. South Korea is developing the Digital Asset Basic Act, which will define rules for stablecoin issuance and consumer protection. Hana’s pilot helps bridge stablecoins with institutional banking and domestic payment rails ahead of formal regulations.
Crypto.com Cards Offer Cashback Incentives for Tourists
The initiative also integrates Crypto.com prepaid Visa cards to allow stablecoin-funded payments. Foreign users who pay with these cards receive 5 percent cashback in CRO, Crypto.com’s native token. The promotion encourages adoption while introducing tourists to crypto payment methods in Korea.
Hana Card handles approximately half of foreign card transactions in South Korea, enabling large-scale testing. This reach allows the company to monitor transaction patterns and consumer behavior using stablecoins. The program also strengthens partnerships with international digital asset firms.
The combined efforts reflect Hana Financial Group’s broader strategy to prepare for a stablecoin-driven payment ecosystem. Plans include exploring KRW-pegged stablecoins through a consortium with local banks. By testing USDC and Crypto.com cards, Hana establishes a foundation for future stablecoin use in Korea’s regulated financial system.
