Sooho.io and Chainlink unite to launch Project Namsan for South Korean stablecoin innovation

On September 22, SOOHO.IO launched Project Namsan to create a South Korean won stablecoin ecosystem, collaborating with Chainlink as a technical partner. The pilot application allows users to deposit US dollar stablecoins for digital won.

This project reduces costs by 30% compared to traditional exchanges. The Namsan Network utilizes Chainlink’s Cross-Chain Interoperability Protocol to verify stablecoin reserves and ensure a dependable foreign exchange model.