Kyobo Life Insurance, a major South Korean life insurance company, announced on the 24th that it has completed a technical verification (PoC) for a service that uses a won-denominated stablecoin for the collection of insurance premiums and the payment of insurance claims, in collaboration with blockchain infrastructure company EQBR. The news was reported by Korea Insurance News. The company has positioned this initiative as a first in the insurance industry. The PoC was conducted over a period of 12 weeks...