Square Tech and GOAT Network sign MOU to explore AI agent-powered stablecoin payments in South Korea.
DeFi & Yields ·
Square Tech and GOAT Network have agreed to a memorandum of understanding to jointly investigate AI agent-based systems for stablecoin payments in South Korea, according to Chainwire. The partnership targets the integration of autonomous agents with dollar-pegged digital tokens to facilitate transaction settlement in the region.
Stablecoin-powered payment infrastructure has transitioned from experimental phase into active deployment over the past two years, attracting institutional participants and fintech operators across multiple geographies. Monthly on-chain settlement volumes using these tokens have exceeded $390 billion, reducing reliance on cross-border wire systems that typically demand days for clearance and charge $25 to $50 per transfer. AI agents represent a potential addition to this emerging layer, automating payment initiation and execution while removing price volatility from transactions.
The scope and timeline for the exploration remain unspecified, as does whether either party intends to launch a commercial product or service following the agreement. No details have been disclosed regarding regulatory engagement in South Korea or technical architecture for the proposed system.