Coinbase has partnered with BC Card to test a new payment system that allows consumers in South Korea to pay with the USDC stablecoin at physical stores. The pilot program highlights a growing effort to blend blockchain technology with everyday payments using familiar tools like QR codes.
Announced in late December 2025, the initiative aims to explore whether stablecoin payments can work smoothly within Korea’s existing retail infrastructure. Both companies say the project focuses on real-world usability rather than theoretical blockchain use cases.
How the Payment Pilot Works
The pilot operates under a memorandum of understanding signed by Coinbase and BC Card. Together, they will run a proof-of-concept that connects BC Card’s QR payment network with a digital wallet built on Coinbase’s Base blockchain.
Here is how the process works in simple terms:
- Shoppers scan a QR code at checkout, just like current mobile payments.
- The payment uses USDC, a stablecoin pegged to the U.S. dollar.
- Transactions settle on the Base network, which offers lower fees and faster speeds.
- Payments convert into Korean won for merchants behind the scenes.
Therefore, consumers see a familiar checkout experience, while blockchain handles settlement quietly in the background.
Why Coinbase and BC Card See Potential
BC Card brings strong merchant coverage and millions of users to the pilot. Meanwhile, Coinbase adds blockchain infrastructure and access to USDC liquidity. Together, they aim to test speed, compliance, and user experience in controlled conditions.
Officials involved say the trial will measure how well stablecoin payments perform during everyday purchases. Furthermore, they want to ensure the system aligns with local regulations and consumer protection rules.
South Korea has taken a cautious approach to digital assets, especially under new frameworks like the Virtual Asset User Protection Act. However, experts believe this hybrid model could offer a practical path forward.
If successful, the pilot could expand into a full rollout. Supporters argue that USDC payments may lower settlement costs, speed up transactions, and help international visitors avoid currency exchange hassles. However, broader adoption will still depend on regulatory clarity and clear benefits for users.
