#稳定币 BC Card and Base's collaboration is worth paying attention to. Korea, as one of the most developed markets for payment infrastructure globally, with BC Card controlling over 90% of the local merchant network, choosing a USDC-based payment pilot indicates that the commercialization of stablecoins has moved from technical validation to real-world scenario testing.

From an on-chain perspective, there are three key points to observe: first, the liquidity changes of USDC on the Base chain—there will be obvious capital inflow signals during the pilot; second, the design of the Korean won settlement process, which involves the exchange pressure between stablecoins and fiat currency, requiring tracking of transaction volumes of related contracts; third, the scale of merchant onboarding and transaction frequency, which determine whether the pilot is sustainable.

Currently, this seems more like Coinbase's strategic layout in overseas markets, aiming to mitigate regulatory risks through cooperation with leading local payment providers. If the pilot progresses smoothly to the settlement stage, the use cases for stablecoins will truly extend from the transaction layer down to the payment and clearing layer, which could have a relatively profound impact on the entire ecosystem. Future attention should be paid to the attitude of Korean financial regulators and the disclosure of actual transaction data.