South Korean Insurance Agency Launches Pilot Program for Stablecoin Payments for Course Fees

MissedTheBoat · 2026-02-14T19:10:32+00:00

A groundbreaking initiative from South Korea's Insurance Institute allows students to pay course fees using stablecoins USDT and USDC, starting February 9. This marks a significant step in adopting cryptocurrency in education, with plans for future local currency integration.

MissedTheBoat

2026-02-14 19:10:32

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A new breakthrough in the digital finance world begins in South Korea. The Korea Insurance Institute will launch a pilot program allowing students to pay course fees using stablecoins, with an official launch scheduled for February 9. This innovative step marks an increase in cryptocurrency adoption in South Korea’s education and financial services sectors.

USDT and USDC Become the First Currencies for Payment

In the initial phase, this insurance institution will accept two major stablecoins as payment methods. USDT (Tether) and USDC (USD Coin) were chosen as the first options due to their widespread liquidity and adoption in the global market. These cryptocurrencies provide the stability needed for financial transactions within the education context.

According to information from NS3.AI, using stablecoins for paying educational fees offers the advantages of quick transactions and lower costs compared to traditional methods. Students can make payments at any time without the need for complicated currency conversion processes.

Transition to Stablecoins Based on the Local Won

Although starting with USDT and USDC, the institution’s long-term plan involves migrating to stablecoins pegged to the Korean won. This strategy can only be realized after supportive regulations are implemented by the South Korean government and local financial authorities.

Developing stablecoins based on the won will provide greater flexibility for local users and reduce dependence on US dollar-based stablecoins. This initiative reflects South Korea’s commitment to integrating blockchain technology into the education and insurance ecosystems.

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