[Hot Stock] HancomWITH Rises on Gold Stablecoin Initiative... Differentiation Through Hancom Gold Exchange Alliance
HancomWITH is showing strong performance. This is believed to be influenced by news that the company will begin full-scale efforts in its gold-based stablecoin business.
As of 1:26 p.m. on July 10, HancomWITH was trading at 5,330 won, up 7.89% from the previous day.
According to industry sources on the previous day, HancomWITH, which serves as the holding company of Hancom Group, is expected to launch its own platform within this month. The platform will provide a range of financial services, starting with the issuance of a stablecoin backed by gold.
Previously, HancomWITH announced that it would pursue a real asset-linked business centered on gold stablecoins through its affiliate, Arowana Hub. Gold, which is traditionally considered a safe asset, has long been criticized for the difficulties of physical storage and the lack of transparency in distribution. In response, HancomWITH aims to secure differentiated competitiveness through its partnership with its subsidiary, Hancom Gold Exchange, and to prioritize targeting the global real asset-linked market, which is growing faster than the domestic market.
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There is also analysis that the government's ongoing stablecoin policy could serve as an opportunity for HancomWITH. The Lee Jaemyung administration has been promoting the institutionalization of stablecoins since its inauguration, aiming to link the value of coins to legal tender with a system such as '1 coin = 1,000 won.'
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