KB Kookmin Card to build Avalanche-based hybrid stablecoin payment model

KB Kookmin Card said Tuesday it will work with Avalanche to develop a hybrid stablecoin payment model designed for use with existing credit cards. The company plans to build the system on a public blockchain and, with OpenAsset, cover top-ups, payments, and settlement, while prioritizing wallet stablecoin balances before charging any remainder to credit.