Bithumb Advances Stablecoin Ecosystem with Award Ceremony and Strategic Investments

Bithumb, a leading cryptocurrency exchange, hosted the award ceremony for its '2025 Stablecoin Ecosystem Development Contest' on October 19 at the Bithumb Sharing Center in Samseong-dong, Gangnam, Seoul. This initiative underscores Bithumb's commitment to fostering innovation and driving growth within the stablecoin landscape, setting the foundation for a robust ecosystem by 2025.

The event saw active participation from the company’s executives, including CEO Lee Jae-won, alongside the winning teams of the competition. After an extensive evaluation, three standout teams—Casa, Zkrypto, and ForeDex—emerged victorious within the "Idea Competition" category. These teams presented groundbreaking solutions aimed at advancing stablecoin technologies and applications.

Recognizing Visionary Stablecoin Solutions

As part of the awards, Bithumb distributed significant funding to the top-performing teams. The grand prize winner received 1 billion KRW, coupled with the chance to be featured across Bithumb’s official promotional channels. The second and third prizes were set at 700 million KRW and 300 million KRW, respectively.

Casa Sweeps Grand Prize for AI-Powered Innovation

Casa clinched the grand prize with its revolutionary solution, 'Kim Secretary.' This AI-driven Extended Producer Responsibility (AI EPR) system utilizes stablecoins to optimize back-office operations for small businesses. By integrating a natural language-based conversational interface, 'Kim Secretary' simplifies decision-making processes, allowing businesses to streamline their workflows intuitively and efficiently—a clear demonstration of stablecoin technology’s practical potential.

Zkrypto and ForeDex Offer Cutting-Edge Approaches

Zkrypto secured second place with its creation of 'Fineapple,' an advanced secure digital asset trading platform tailored to enhance user experience and ensure robust security for asset transactions. Meanwhile, ForeDex earned third place for its innovative ‘Stablecoin Risk Management System,’ designed to assess and mitigate risks associated with stablecoin operations. Both solutions reflect the growing diversification of stablecoin applications beyond traditional use cases.

Scaling Innovation Through Strategic Investments

Following the contest, Bithumb has committed to an intensive roadmap of investments and startup support to accelerate the winning projects. Teams demonstrating potential will have access to an investment pool of up to 30 billion KRW, along with a wide range of resources, including business activation initiatives, incorporation support, co-founding opportunities, venture capital pitch introductions, and specialized consulting in technology and legal frameworks.

Bithumb has begun conducting individual assessments of the projects, with sequential updates provided to each team. Following the review process, direct investment negotiations will take place, ensuring each project receives tailored support to scale its vision and impact.

Reinforcing a Stablecoin-Centric Future

Lee Jae-won, CEO of Bithumb, emphasized the significance of the competition in nurturing forward-thinking ideas. “Through this contest, we have encountered novel and innovative ideas that can drive the future of the stablecoin ecosystem. Bithumb will continue to provide unwavering support to ensure these ideas deliver tangible market results,” he stated.

This initiative aligns with Bithumb’s broader vision of positioning itself as a catalyst for blockchain-driven financial innovation, contributing to the global evolution of stablecoins and decentralized economies.

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