Stablecoin-related stocks in South Korea moved sharply higher, according to Gate data cited by Odaily. Kakao Pay rose 10.91% to KRW 45,750, while The Zone gained 10% to KRW 2,090 and NHN KCP climbed 9.76% to KRW 14,840. Hecto Financial posted the strongest advance among the names listed, jumping 20.49% to KRW 22,350, and Danal rose 11.73% to KRW 5,190. Odaily said analysts linked the move to news around U.S. crypto policy. The report pointed to U.S. President Donald Trump urging Congress to advance the CLARITY Act. During a White House meeting with major figures from the crypto industry, Trump said the bill would provide an institutional foundation for the United States to maintain its lead in digital assets. The report added that expectations for a clearer U.S. crypto regulatory framework could support broader growth in the global digital asset and stablecoin payments ecosystem. That view is now being reflected in strength across South Korean payments and fintech names tied to the stablecoin theme.

South Korean payments giant NHN KCP signed a MOU with Ava Labs to build a sub-second payment Layer 1 on Avalanche, but the launch depends on the passage of South Korea's Digital Asset Basic Act.

Avalanche has emerged as one of the larger public chains in tokenized real-world assets, with on-chain RWA value rising to $2.1 billion, up more than 60% from a month earlier, according to RWA.xyz. A major driver was BlackRock’s tokenized money market fund BUIDL, whose Avalanche-based assets jumped from $464 million to more than $900 million in a week, with $436 million in net inflows. The chain is also seeing activity from Securitize and a series of enterprise deployments in Japan and South Korea, including Progmat’s migration of more than JPY 452 billion in tokenized assets, TIS’s multi-token payments platform, Hyundai Motor Group’s internal cross-border remittance system, NHN KCP’s payments network and KB Kookmin Card’s hybrid stablecoin card payments initiative. Yet the article argues that Avalanche’s enterprise success has not translated cleanly into value capture for AVAX. Even with institutions adopting Avalanche for settlement, compliance and customized infrastructure, AVAX has fallen more than 50% this year. The reason, as framed in the source piece, is structural: enterprise-focused subnets or custom L1s often use stablecoins or tokenized deposits rather than AVAX for transaction fees, leaving the network’s native token less directly tied to rising tokenization activity.

Avalanche’s tokenized real-world asset market has climbed to $2.1 billion, up more than 60% from a month earlier, even as AVAX continues to struggle in a weak crypto market. Data cited from RWA.xyz shows the network has moved into the top five public chains by RWA scale, with BlackRock’s BUIDL fund serving as the clearest driver of recent growth. On Avalanche alone, BUIDL expanded from $464 million to more than $900 million in one week, a 105% jump, with weekly net inflows of $436 million. The report says Avalanche now holds more than one-third of BUIDL’s nearly $2.87 billion total assets under management, making it the fund’s second-largest distribution network after Ethereum. In the Avalanche RWA ecosystem, BUIDL accounts for 43% of total value. The article also points to a broader wave of adoption in Japan and South Korea. Japan’s Progmat migrated more than JPY 452 billion, roughly $2.7 billion, in tokenized assets from a Corda 5 permissioned chain to Avalanche. TIS, Hyundai Motor, NHN KCP, KB Kookmin Card and NongHyup Bank are also cited as examples of payment, treasury and consumer-facing projects built on Avalanche or AvaCloud. Still, the expansion has not translated into stronger value capture for AVAX. The report argues that enterprises often use stablecoins or tokenized deposits rather than AVAX to pay gas on dedicated Avalanche L1s, leaving the network with growing institutional activity but limited direct benefit for the native token.

NHN KCP and Ava Labs have signed an MoU to develop a payment-focused Layer 1 blockchain using Ava Cloud. The project will target fast payment authorization, encrypted transaction data, merchant customization, tokenized deposits, multi-stablecoin settlement, and cross-border payments, with launch timing tied to South Korea’s regulatory progress.

AVAX rose 4% in 24 hours while consolidating below $10. A new partnership between Ava Labs and South Korea’s NHN KCP, along with stronger futures open interest and positive funding rates, is fueling expectations of a move toward $10.56 and possibly higher.

AVAX is trading below $10 after gaining momentum from a broader crypto market rally and a strategic partnership between Ava Labs and South Korea’s NHN KCP. Rising open interest, a positive funding rate, and bullish technical indicators suggest a potential move toward $10.56.

AVAX consolidates below $10 as derivatives data turns bullish and a partnership with South Korea's NHN KCP fuels optimism. Technicals target $10.55 resistance; failure may lead to $8.47 retest.