The Insurance Training Institute has launched a pilot program to accept stablecoin payments for course fees. Beginning with the upcoming ninth session of the Crypto Literacy course, stablecoin payments will be available. Payments will be processed in USDC due to the absence of a won-denominated stablecoin, and tuition discounts of about 10% apply.
The institute opened a corporate wallet at Upbit in January and will use Upbit’s wallet for deposits to the institute’s address. Participants must complete the deposit procedure, agree to refund policies and other terms before payment. The institute has coordinated with Upbit since last year to establish the digital-asset payment system, conducting deposit and refund tests to prepare the rollout.
The first phase is limited to 20 participants to ensure stability and regulatory readiness. The institute plans to broaden collaborations with other domestic exchanges to expand digital asset payments. President Ha Tae-kyung said the institute aims to lead crypto-finance education and pilot digital asset use across education and operations. Because stablecoin prices can fluctuate, payments will follow predefined USDC/USDT terms.
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