Sui Network Integrates QR & Facial Recognition with t’order for Faster Payments
Sui Network announced on September 24 that it has partnered with t’order, one of Korea’s largest point-of-sale (POS) ordering platforms, processing over $4.3 billion in transactions annually. This collaboration will integrate Sui’s advanced QR code and facial recognition technologies to streamline daily stablecoin payments.
According to the Sui Foundation’s managing director, Christian Thompson, the partnership represents a major step forward in stablecoin adoption. He noted, “The wider adoption of stablecoins and crypto payments is rapidly accelerating, and it’s thrilling to see SUI at the forefront of this trend with partners like t’order.”
This partnership aims to challenge traditional card and payment gateway fees by offering ultra-low transaction costs—around KRW 13 (approximately $0.01) per transaction. This innovation is expected to help small businesses save up to KRW 150 billion ($100 million) annually.
Stablecoin adoption has surged in recent quarters, especially following clearer regulatory frameworks in the United States and Hong Kong. Industry experts forecast that the stablecoin market could reach between $600 billion and $1 trillion by 2030.
In a related development, BDACS recently launched a KRW-backed stablecoin on the Avalanche blockchain, still in its pilot phase after a successful proof-of-concept (PoC). This marks significant progress toward regulated, bank-integrated digital currencies.
While South Korea’s central bank delayed its central bank digital currency (CBDC) testing earlier this year due to the global stablecoin momentum, it is expected to resume soon. The current administration under Lee Jae Myung continues to support crypto development and is working on clearer regulations for digital assets.
Currently, USDT leads the stablecoin market in terms of capitalization and volume, followed by USDC and USDe. However, new stablecoins are expected to enter the market soon, further expanding the ecosystem.
