GalaxiaMoneytree Validates Stablecoin Payments at Offline Stores

GalaxiaMoneytree has launched a proof of concept (PoC) for stablecoin payments at offline stores of HeyPay and Ssedec·Mujae.

According to GalaxiaMoneytree on July 22, the PoC aims to verify the stablecoin payment experience and the stability of the operational process when domestic and international customers purchase goods at offline stores using stablecoins. GalaxiaMoneytree has established the stablecoin payment infrastructure and operational process, while HeyPay supported pilot store integration and test operations. Ssedec and Mujae served as validation partners, testing the applicability of digital asset payments in real consumer environments.

This pilot was conducted at premium retail stores in the Cheongdam and Dosan neighborhoods of Seoul. Customers made payments using QR-based transactions with stablecoins stored in their mobile wallets, and the verification process checked whether the payment approval workflow integrated properly with existing POS and payment systems. In addition, technical and operational aspects essential for real-world store operation—such as post-payment cancellation and refunds, settlement data management, and merchant operation processes—were also reviewed.

Donghoon Shin, CEO of GalaxiaMoneytree, stated, "Fashion and living are representative offline retail sectors with active consumption by both domestic customers and foreign tourists. Through this PoC, we have confirmed that QR-based stablecoin payments can be reliably applied even in the existing offline payment environment."

This content was produced with the assistance of AI translation services.