The Sui network has announced a partnership with t’order, South Korea’s largest point-of-sale (POS) ordering platform, to introduce stablecoin-based payments across the country. The collaboration was revealed in a Sept. 24 blog post, highlighting plans to integrate t’order’s advanced QR code and facial recognition technologies to deliver faster and more seamless digital transactions.
Processing more than $4.3 billion in annual transactions, t’order has long advocated for zero-fee payments for small businesses. By adopting stablecoins, the company aims to replace costly card fees with more affordable blockchain-powered settlements.
Christian Thompson, Managing Director of the Sui Foundation, said the partnership will primarily focus on South Korea’s food service sector, an industry valued at approximately 190 trillion KRW. He added that the initiative will “improve the consumer experience for millions in Korea.”
“The mass adoption arc for stablecoins and crypto payments is rapidly accelerating, and it’s thrilling to see Sui at the forefront of this trend with innovative partners like t’order,” Thompson said.
The payments platform will be powered by a won-pegged stablecoin issued on the Sui network, though the announcement did not reveal a launch timeline or the name of the issuer. All transaction and loyalty data will be secured on Walrus, a decentralized storage protocol built on Sui.
Once live, the system will be deployed across t’order’s nationwide network of more than 300,000 POS devices, enabling stablecoin payments, loyalty rewards, and settlements.
A t’order spokesperson described the initiative as a natural extension of its mission to support small businesses:
“Our partnership with Sui is the next step in that vision, leveraging our nationwide infrastructure to create a new payment and settlement paradigm—one designed for and centered around small businesses.”
Meanwhile, SUI, the native token of the Sui network, did not see an immediate boost from the news and was down 3.4% over the past 24 hours, extending its decline since Sept. 18.
South Korea’s Stablecoin Push
Interest in stablecoins has been steadily growing in South Korea as policymakers and firms seek to reduce reliance on dollar-pegged tokens such as USDT and USDC. Several domestic players have already entered the market, including the launch of KRW1, a fully backed won-pegged stablecoin built on the Avalanche blockchain.
Regulators are also moving quickly to establish a legal framework for stablecoin issuance and operations. A new bill, expected in October, will reportedly set standards for collateralization, internal controls, and issuer transparency.
