SOiVA Deepfake Prevention Stablecoin Service Card
B5G6G Digital Currency Co., Ltd. has announced the launch of its new initiative, the SOiVA Deepfake Prevention Stablecoin, alongside the SOiVA Global Digital Asset Governance Economy Service Card. This innovative service aims to combat the growing threats posed by deepfake technology while establishing a robust digital asset framework. The total value of the stablecoin initiative is pegged at an impressive KRW 750 trillion.
The SOiVA Deepfake Prevention Stablecoin is closely tied to the South Korean government’s recent efforts to engage private fintech companies in creating won-denominated stablecoins. However, this project is distinctive as it focuses on a global business model based on a U.S. dollar-backed stablecoin. This marks a pioneering effort to facilitate the exchange between a U.S. dollar stablecoin and a Korean won stablecoin, setting a precedent in the fintech landscape.
Stablecoin Initiative and Economic Impact
The issuance project is structured as a privately led, asset-backed digital stablecoin initiative, drawing value from natural mineral resources, including rare earth elements. Sang-Yong Kim, CEO of B5G6G Digital Currency Co., Ltd., indicated that the stablecoin will leverage resources from the Democratic Republic of the Congo. Once tokenized as a won-denominated SOiVA digital asset, it will be distributed and traded on a global scale as a U.S. dollar-based stablecoin.
In the evolving landscape of digital asset trading, a comprehensive system for data generation, distribution, and monitoring is crucial. The SOiVA Deepfake Prevention Stablecoin service system is designed to meet these standards, ensuring global data quality management and evaluation. This capability is expected to position SOiVA at the forefront of the next generation of cryptocurrency and stablecoin markets.
The service system complies with regulatory frameworks in both South Korea and the United States, aiming for secure management of issuance, circulation, and monitoring processes. This regulatory adherence enhances trust and reliability in the operations of the SOiVA Deepfake Prevention Stablecoin.
A Global Network of Collaboration
CEO Kim highlighted that interest in the SOiVA stablecoin service has extended beyond South Korea, with requests from various countries seeking to issue their own stablecoins. The company is actively pursuing partnerships to establish joint projects on a country-by-country basis. As some advanced nations opt for domestic companies to issue stablecoins, an increasing number of countries are granting SOiVA exclusive rights to issue national stablecoins.
These countries are engaging in a significant trend towards digital asset digitization across numerous sectors, including travel, labor, culture, politics, and technology. By participating in the SOiVA Global Digital Asset Governance Economy, they are not only modernizing their financial frameworks but also attracting SOiVA Deepfake Prevention AI Internet Banks to support the implementation of this global initiative within their borders.
The SOiVA Deepfake Prevention Stablecoin project represents a bold step into the future of digital finance, aiming to integrate advanced technology while addressing critical issues presented by deepfake content. As the project unfolds, it will be closely watched by stakeholders across the global fintech sector.
