Changer has announced an MoU with BMPG and KBank for better stablecoin settlement.
The ADGM (Abu Dhabi Global Market) regulated crypto and virtual asset custodian is expanding its partnership with KBank and BMPG.
Here, the focus is to provide better stablecoin settlement and stablecoin conversion for clients already custodying other assets, and expanding the corridor between the UAE and Korean banking payment rails.
CEO of Changer Wang Hao expressed:
This partnership brings together regulated banking rails in Korea, blockchain-based stablecoin infrastructure, and ADGM-licensed digital asset custody and settlement services in the UAE. Together, we are exploring how these elements can be combined to create compliant, scalable cross-border financial infrastructure.”
Although this is not a comprehensive program rollout just yet, there is an encouraged effort to facilitate better KRW (Korean Won) and Dirham cross-border settlements via stablecoin technology.
In particular, KBank and BMPG have already partnered on previous stablecoin issuance projects in Dubai and Thailand.
Towards the end of 2025, KBank – the popular South Korean digital bank – celebrated reaching over 15M customers, as popularity towards digital banking services worldwide.
