About
Naver Pay, the fintech and payments arm of Korean internet giant Naver, is positioning to lead Korea's won-based stablecoin market with over 30 million users and 5 million affiliated stores. It has partnered with Upbit operator Dunamu to develop a Korean won-pegged stablecoin for fast domestic on-chain payments and cross-border remittance, pending Korean stablecoin legislation.
Key products
- Founded
- 2015
- HQ
- Seongnam, South Korea
- Stage
- Subsidiary
- Funding
- Naver subsidiary
Related companies
Banking Circle
Issuer of EURI
Banking Circle, a Luxembourg-based bank supervised by the CSSF, issues EURI, a MiCA-compliant euro stablecoin, integrating it with its cross-border banking and payments infrastructure for financial institutions.
Coinbase
Largest US crypto exchange and USDC co-issuer
Coinbase is the largest US-listed crypto exchange and a primary stablecoin trading venue. It co-founded USDC with Circle via the Centre consortium and earns a share of USDC reserve revenue, while operating Base (its L2), Coinbase Wallet, custody and on/off-ramp services. In 2026 it is positioning around stablecoins, Base, and an 'everything exchange' strategy.
Fiserv
Payments giant launching FIUSD for banks and merchants
Fiserv is a leading payments and financial-technology provider for banks and merchants (owner of Clover). In 2025 it announced FIUSD, a stablecoin built with Paxos and Circle, to embed stablecoin issuance, settlement and merchant acceptance across its banking and merchant base.
Klarna
USD stablecoin on Tempo
Klarna, the global BNPL and payments company, announced plans to launch its own USD stablecoin on the Stripe/Paradigm Tempo blockchain to cut payment costs, signaling a major consumer-fintech entry into stablecoin issuance.
MoonPay
Fiat-to-crypto on/off-ramp infrastructure
MoonPay is one of the largest fiat<>crypto on/off-ramp providers, letting businesses embed buy/sell flows via widget, SDK, or API across 180+ countries and most major fiat currencies and local payment methods. It has expanded aggressively through acquisitions since 2025, adding stablecoin payments, card, and wallet capabilities (including Helio and Iron).
PayPal
Issuer of PYUSD
PayPal is a global payments network that issues PayPal USD (PYUSD), minted by Paxos, and integrates stablecoin functionality across PayPal, Venmo and its merchant/payouts products. PYUSD has expanded to 70+ countries and is used for cross-border business payouts via PayPal's 'Pay with Crypto' merchant feature.