Square Tech and GOAT Network Partner to Develop AI-Powered Stablecoin Payments in South Korea

Square Tech (KOSDAQ: 148250) has announced a collaboration with GOAT Network to advance AI agent-powered stablecoin payment services in South Korea. This partnership aims to integrate GOAT Network’s technology into a stablecoin payment program specifically designed for foreign tourists.

The initial focus will be on enabling tourists to verify their identities using mobile passports and make payments at participating merchants using US dollar-denominated stablecoins. This initiative is being developed alongside Lordsystem, a mobile identity verification company based in South Korea.

Key features of the proposed payment solution will include:

• Verifiable on-chain identity for AI agents based on the ERC-8004 standard.
• Spending limits and user authorization mechanisms to ensure secure transactions.
• Comprehensive transaction records for transparent monitoring of AI agent activities.

The collaboration is timely as South Korea is actively developing its regulatory frameworks for artificial intelligence and digital assets. The AI Basic Act, which came into effect in January 2026, and the ongoing discussions regarding the Digital Asset Basic Act, are pivotal to establishing a robust regulatory environment.

Kangho Kim, CEO of Square Tech, emphasized the importance of translating regulatory developments into practical services for consumers and merchants. Meanwhile, Kevin Liu, Co-Founder and CEO of GOAT Network, highlighted the need for businesses to make their services accessible to AI agents while ensuring secure and authorized transactions.

The companies plan to comply with all relevant South Korean laws, including the Electronic Financial Transactions Act and the Virtual Asset User Protection Act, and will introduce consumer-facing features in phases, subject to legal and regulatory review.