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Sui, a high-performance blockchain, has teamed up with South Korea’s leading table-ordering platform, t’order, to develop a stablecoin-based payment infrastructure across the country. This partnership aims to leverage Sui’s blockchain technology to streamline digital payments for commercial applications, potentially transforming the way consumers and businesses interact in South Korea’s food service market.
t’order to Integrate Stablecoin Payments Across 300,000 POS Devices
t’order, which processes over $4.3 billion in annual transactions, will deploy a new won-pegged stablecoin on the Sui blockchain. The upcoming platform is expected to roll out across more than 300,000 point-of-sale (POS) devices nationwide, providing a seamless, secure, and faster alternative to traditional card payments. By replacing costly transaction fees with blockchain-based settlements, small and medium-sized businesses stand to gain significantly from reduced overhead.
Christian Thompson, Managing Director of the Sui Foundation, highlighted the partnership’s potential: “The collaboration with t’order is expected to improve the consumer experience for millions in Korea while creating an efficient, low-cost settlement network for merchants.”
The project will also leverage t’order’s advanced QR code scanning and facial recognition technology, allowing users to make payments quickly while maintaining a high level of security.
Walrus Protocol to Handle Transaction and Loyalty Data
To ensure transparency and security, all payment and loyalty program data will be stored on Walrus, a decentralized storage protocol built on the Sui blockchain. This approach allows for tamper-proof record-keeping while preserving privacy and enhancing scalability.
Decentralized storage also positions Sui and t’order at the forefront of innovation in South Korea, as businesses increasingly look for alternatives to centralized payment and data storage solutions. The integration of Walrus ensures that both transaction records and customer reward data are immutable and easily auditable.
Won-Pegged Stablecoin to Target the $190 Trillion Food Service Market
The new stablecoin is pegged to the South Korean won, providing a local currency alternative to existing dollar-pegged stablecoins such as USDT and USDC. While the announcement did not disclose a specific launch date or issuer, the stablecoin is expected to target South Korea’s expansive food service sector, valued at roughly 190 trillion KRW.
t’order’s spokesperson emphasized the company’s commitment to small businesses: “Our partnership with Sui leverages our unique nationwide deployment capabilities and real-time infrastructure to create a new payment and settlement paradigm—one designed around the needs of small businesses.”
SUI Token Reacts Modestly Amid Partnership Announcement
Despite the high-profile collaboration, SUI, the native token of the Sui network, showed limited market movement. The token fell 3.4% over the 24 hours following the announcement, continuing a broader downtrend that began on September 18. Analysts suggest that while SUI’s price may remain stable in the short term, long-term adoption could benefit from expanded real-world use cases like t’order’s stablecoin payments.
South Korea’s Expanding Interest in Stablecoins
Stablecoins are gaining momentum in South Korea as the nation seeks to develop a domestic digital asset ecosystem. Local financial institutions and tech firms are increasingly issuing won-pegged stablecoins to reduce reliance on U.S. dollar-based tokens.
The launch of KRW1 on Avalanche, a fully backed won-pegged stablecoin, illustrates the growing domestic appetite for such digital assets. t’order’s collaboration with Sui represents another step toward mainstream adoption of stablecoins for everyday commercial payments.
Regulatory Framework on the Horizon
South Korean regulators are also actively developing legislation to govern stablecoin issuance and operations. A new bill, expected in October 2025, will likely outline requirements for collateralization, transparency, and internal controls for issuers. The regulatory clarity could provide further confidence for businesses and consumers participating in the emerging stablecoin ecosystem.
Future Prospects for Sui and t’order
The Sui–t’order partnership demonstrates the potential for blockchain-based payments to gain traction in highly regulated and consumer-focused markets. By combining Sui’s blockchain infrastructure, the decentralized Walrus protocol, and t’order’s extensive POS network, the collaboration could become a blueprint for large-scale stablecoin adoption in South Korea.
For small businesses, this integration means faster transactions, reduced fees, and greater operational efficiency. For consumers, it offers seamless, secure payments using a local stablecoin backed by blockchain technology.
