LG CNS Develops Stablecoin Issuance and Trading Platform

LG CNS has begun developing a platform that supports the issuance, trading, and distribution of stablecoins. The company is securing technologies for the confidentiality and interoperability of Central Bank Digital Currencies (CBDCs) and stablecoins, and is also developing AI-based payment services. According to the semi-annual report released on the 14th, LG CNS has identified blockchain as a key area for research and development and is working on a 'Digital Trust solution.' The main task of this solution is to develop a platform for the issuance, trading, and distribution of stablecoins. Additionally, LG CNS is pushing to secure the necessary technologies for CBDC and stablecoin transactions, conducting research and development on ensuring transaction confidentiality and interoperability technologies. The company is also developing payment services that combine AI and digital currencies, including a research and development project for an 'Agentic AI payment service based on a Central Bank Digital Currency platform.' LG CNS is investing in companies related to blockchain technology and holds a 19.90% stake in Korea DRD. In the first half of this year, the research and development expenses amounted to 26.82135 billion KRW, which is 0.9% of its revenue.

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