Core Insights - Coocon, a South Korean data platform firm, is expanding its global payment platform by incorporating stablecoin technology and leveraging its established domestic payment infrastructure [1][3] - The company aims to create a global payment distribution network that integrates various payment methods and stablecoin [1] Domestic Infrastructure - Coocon's existing domestic payment infrastructure includes two million mobile QR merchants, 100,000 franchise merchants, and a network of 40,000 ATMs across South Korea [1] - This infrastructure allows for real-time cross-border payments without traditional currency exchange or card issuance, facilitating easier transactions within Korea [2] Expansion Plans - Coocon plans to launch UnionPay services in late September and WeChat Pay in October [2] - A partnership with Bank Indonesia is set to extend services in the second half of the year, aimed at improving convenience for international visitors and local merchants [2] Focus on Stablecoin - The company is shifting its focus towards the stablecoin sector, with the CEO stating that Coocon's data collection and connectivity capabilities are essential for global payment companies entering the Korean market [3] Vision and Innovation - Coocon is evolving from a payment service provider to a network platform that connects the global fintech ecosystem, emphasizing its commitment to driving global payment innovation [4] - The company plans to participate in the Singapore Fintech Festival in November to seek partnerships with global payment and stablecoin entities [4] Data Management - Beyond payment services, Coocon manages 'Coocon.net', which aggregates data from around 500 domestic institutions and 2,000 financial institutions from over 40 countries, offering more than 300 APIs [5]