Sui and t’order Partner to Launch Stablecoin Payments in South Korea’s Food Service Market

Sui, a high-performance blockchain, has announced a strategic partnership with t'order, South Korea's leading table-ordering platform, to develop a stablecoin-based payment infrastructure. This collaboration aims to transform digital payments in the country's food service industry by utilizing Sui's advanced blockchain technology.

The initiative will introduce a won-pegged stablecoin across more than 300,000 point-of-sale devices, handling over $4.3 billion in annual transactions. By replacing traditional card payments with blockchain settlements, merchants can significantly lower transaction costs while providing faster and more secure payment options.

Christian Thompson, Managing Director of the sui Foundation, highlighted the transformative potential: "This partnership will improve the consumer experience for millions while establishing an efficient, low-cost settlement network for businesses." The system will integrate t'order's cutting-edge QR code and facial recognition technology for seamless transactions.