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Crypto.com will launch a KRW-pegged stablecoin and co-branded prepaid card through a partnership with South Korean fintech Travel Wallet, which handles $4.3 billion in transactions for over 8 million customers.
Announced Monday, the agreement integrates digital asset trading and stablecoin payments into Travel Wallet’s mobile platform, allowing users to conduct international transactions with reduced fees and faster settlement times compared to traditional foreign exchange services.
“This partnership will make crypto payments simpler and more rewarding for everyday use,” — Eric Anziani, President and COO, Crypto.com.
“It marks the beginning of a new payment paradigm that merges fintech and blockchain finance,” — Kim Hyung-woo, CEO, Travel Wallet.
The partnership’s centerpiece is a co-branded prepaid card that supports both fiat and cryptocurrency payments globally, powered by the KRW-pegged stablecoin. Travel Wallet will serve as Crypto.com’s primary issuing partner in South Korea, leveraging its Visa Principal License and network that supports payments in over 100 million locations worldwide.
The integration will also see Travel Wallet embed Crypto.com’s crypto-as-a-service tools within its mobile app, allowing users to buy, sell, and hold digital assets seamlessly. Both companies plan to launch joint marketing and reward initiatives to accelerate adoption of the KRW-pegged stablecoin and introduce more users to crypto-enabled travel payments.
By anchoring the stablecoin to the South Korean won, the partners aim to offer a more stable digital currency for travelers, mitigating volatility issues often associated with cryptocurrencies while simplifying conversion between fiat and digital assets.
The introduction of the KRW-pegged stablecoin represents a significant step toward normalizing crypto payments in traditional financial ecosystems. For Crypto.com, the partnership strengthens its presence in Asia’s high-growth fintech market, aligning with its broader strategy to develop localized stablecoin solutions.
For Travel Wallet, the agreement enhances its existing product portfolio by introducing blockchain-based features tailored for international travelers, a demographic increasingly seeking faster and cheaper alternatives to traditional foreign exchange services.
The partnership arrives amid growing global interest in national-currency-pegged stablecoins, seen as key enablers of financial inclusion and efficiency in cross-border transactions. The KRW-pegged stablecoin could potentially position South Korea as a leader in regulated digital payments innovation.
The Crypto.com–Travel Wallet collaboration follows similar developments in 2025, as Bitget Wallet, Travala, and Bookit.com incorporated blockchain payment systems to meet the rising demand for crypto-friendly travel solutions. The emergence of the KRW-pegged stablecoin underscores a wider shift in how digital assets are being integrated into everyday financial tools.
With more fintech companies exploring blockchain-based payment rails, partnerships like this illustrate the gradual convergence of crypto infrastructure and consumer finance. As adoption accelerates, the KRW-pegged stablecoin may become a model for other countries seeking to merge local currency stability with global digital mobility.
