Chainlink and LG CNS team up to expand Korean won stablecoin infrastructure
Chainlink and LG CNS, the IT arm of LG Group, plan to build out infrastructure for South Korea's crypto market and won-linked stablecoins, per The Block.
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what happened
Chainlink has announced a partnership with LG CNS, the AI and IT services unit of South Korean conglomerate LG Group. The companies aim to strengthen the infrastructure of South Korea's crypto market, which they put at $68 billion, and to widen the use and distribution of stablecoins tied to the won. According to The Block, this segment has more than 11 million eligible users.
South Korea still lacks a clear legal basis for issuing and trading such stablecoins. The government and lawmakers are drafting the Digital Asset Basic Act, which would set rules for won stablecoins and other digital asset standards. LG CNS also plans to integrate Chainlink's cross-chain, data and orchestration tools into its digital asset platforms for institutional clients.
why it matters
For the market this signals growing institutional involvement, as a large industrial group links itself to a data oracle network and tokenization. Passage of the stablecoin legislation will remain the key factor, since without it the project's scale stays limited.
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- Chainlink partners with LG CNS to drive Korean won stablecoin expansion — The Block, 23 October 2026 at 02:48 UTC
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