South Korea’s NH NongHyup Bank pilots stablecoin-led tax refunds on Avalanche
NH NongHyup, one of South Korea's five largest banks, has initiated a proof-of-concept to digitize value-added tax (VAT) refunds for inbound tourists and validate a real-time settlement model using stablecoins.The PoC is held in collaboration with Avalanche, Fireblocks, Mastercard and Worldpay. This…