Square Tech and GOAT Network Sign MOU to Advance AI Agent-Powered Stablecoin Payments in South Korea
Oakland, San Francisco, California, USA, October 22nd, 2026, Chainwire
- Square Tech to explore AI agent-powered payment solutions as part of its Digital Solutions (DS) business
- Initial focus on integrating GOAT Network’s technology into a stablecoin payment program for foreign tourists, currently under development with Lordsystem
- Proposed safeguards include verifiable on-chain identity, spending limits, and user authorization, with a phased rollout subject to Korean legal and regulatory review
Square Tech (KOSDAQ: 148250) announced today that it has signed a Memorandum of Understanding (MOU) with GOAT Network, the Bitcoin-secured infrastructure for agentic commerce, to explore AI agent-powered stablecoin payment services in South Korea as part of its Digital Solutions business. DAC Labs, the core infrastructure developer behind GOAT Network, has also joined the agreement to provide technical support.
As an initial priority, the companies will explore integrating GOAT Network’s AI agent payment technology into a stablecoin payment program for foreign tourists that Square Tech is currently developing with Lordsystem, a South Korean mobile identity verification company. The program aims to enable foreign visitors to verify their identities using mobile passports and make payments at participating merchants in South Korea using US dollar-denominated stablecoins. The partners will also evaluate potential expansion into additional services, including digital gift card and voucher purchases, subject to applicable legal and regulatory reviews.
Under the agreement, Square Tech will lead domestic business development, merchant partnerships, and regulatory engagement. GOAT Network will provide its AI agent payment technology and network infrastructure, while DAC Labs will support technical integration, security reviews, and network operations.
The collaboration comes as South Korea continues to develop its regulatory frameworks for artificial intelligence and digital assets. The country’s AI Basic Act, formally known as the Act on the Development of Artificial Intelligence and Establishment of a Foundation for Trust, came into effect in January 2026. Meanwhile, discussions are underway in the National Assembly on the proposed Digital Asset Basic Act, which seeks to establish a regulatory framework for digital assets, including Korean won-denominated stablecoins.
At Korea Blockchain Week 2026 in Seoul, GOAT Network demonstrated these capabilities through an interactive agent-powered purchasing experience, highlighting early consumer interest in AI-driven commerce. The collaboration with Square Tech represents a further step toward bringing these capabilities into real-world payment applications.
The proposed solution will incorporate technical safeguards designed to ensure trust, security, and transparency when AI agents execute payments on behalf of users. Each AI agent will be assigned a verifiable on-chain identity based on the ERC-8004 standard. Spending limits, user authorization mechanisms, and comprehensive transaction records will also be implemented to enable transparent monitoring of AI agent payment activities.
In the initial phase, the companies plan to support US dollar-denominated stablecoins through arrangements that meet applicable licensing and regulatory requirements. They also intend to establish the technical foundation for potential support of Korean won-denominated stablecoins as South Korea’s digital asset regulatory framework evolves.
Kangho Kim, CEO of Square Tech, said: “South Korea is rapidly establishing the regulatory foundations for AI and digital assets. The next important step is translating these developments into practical services that consumers and merchants can use. Through this collaboration, Square Tech aims to integrate global technologies into South Korea’s domestic payment environment and regulatory framework, while building a new payment ecosystem that brings AI and stablecoins into everyday transactions.”
Kevin Liu, Co-Founder and CEO of GOAT Network, said: “The next evolution of AI agents goes beyond understanding user requests to making purchases on their behalf. For agentic commerce to scale, businesses need to make their products and services accessible to AI agents, while consumers need assurance that purchases are authorized, spending stays within defined limits, and payments are secure. Through our collaboration with Square Tech, we aim to explore how these capabilities can support real-world commerce in South Korea.”
The companies intend to comply with all applicable South Korean laws and regulations, including the Electronic Financial Transactions Act, the Virtual Asset User Protection Act, the Foreign Exchange Transactions Act, and the Act on Reporting and Use of Certain Financial Transaction Information. Where necessary, they will work with appropriately licensed service providers to deliver the proposed services. Consumer-facing features will be introduced in phases, subject to legal and regulatory review.
About Square Tech
Square Tech was founded in 2002 and is based in Hwaseong, Gyeonggi Province, South Korea. The company develops and produces LTCC (Low Temperature Co-fired Ceramic) components and substrates used in the telecommunications, defense, and automotive industries, and has been listed on KOSDAQ since 2016. Through its Digital Solutions business, Square Tech is expanding into digital asset payments. The company is developing a stablecoin payment program for foreign tourists with Lordsystem, a South Korean mobile identity verification company, and is pursuing cooperation with Anchorage Digital, a US-based institutional digital asset platform, on institutional digital asset infrastructure.
About GOAT Network
GOAT Network is Bitcoin-secured infrastructure for agentic commerce, connecting businesses, consumers, developers, and AI agents. Its core product, GOAT Flow, makes products and services discoverable, understandable, and purchasable by AI agents, while GOAT AgentKit provides developers with tools to build agent-native applications. GOAT Network’s core infrastructure is developed by DAC Labs, a research and engineering company specializing in blockchain infrastructure, zero-knowledge technology, and AI agent systems.