Oakland, San Francisco, California, USA, October 22nd, 2026, Chainwire
- Square Tech to explore AI agent-powered payment tools as part of its Digital Solutions (DS) business
- First focus: adding GOAT Network’s technology to a stablecoin payment program for foreign tourists, now being built with Lordsystem
- Planned safeguards include on-chain IDs that can be checked, spending limits, and user approval. The rollout will come in phases, after Korean legal and regulatory review
Square Tech (KOSDAQ: 148250) announced today that it has signed a Memorandum of Understanding (MOU) with GOAT Network. GOAT Network is a Bitcoin-secured network for agentic commerce. In agentic commerce, AI agents make purchases for people.
Under the MOU, the two will look at stablecoin payments run by AI agents in South Korea. This is part of Square Tech’s Digital Solutions business. DAC Labs, the core builder behind GOAT Network, has also joined the deal to give tech support.
A Stablecoin Payment Program for Tourists
As a first priority, the companies will look at adding GOAT Network’s AI agent payment technology to a stablecoin payment program for foreign tourists. Square Tech is now building this program with Lordsystem, a South Korean mobile identity verification company.
The program aims to let foreign visitors verify their identity with mobile passports. They could then pay at participating merchants in South Korea using US dollar-based stablecoins.
The partners will also look at expanding into more services, such as digital gift card and voucher purchases. This depends on the relevant legal and regulatory reviews.
Who Does What
- Square Tech will lead domestic business development, merchant partnerships, and work with regulators.
- GOAT Network will provide its AI agent payment technology and network infrastructure.
- DAC Labs will help with tech setup, security checks, and running the network.
South Korea’s Evolving Rules
The deal comes as South Korea keeps building its rules for AI and digital assets.
The country’s AI Basic Act came into effect in January 2026. Its formal name is the Act on the Development of Artificial Intelligence and Establishment of a Foundation for Trust.
Meanwhile, the National Assembly is discussing the proposed Digital Asset Basic Act. It would set rules for digital assets, including stablecoins tied to the Korean won.
At Korea Blockchain Week 2026 in Seoul, GOAT Network showed these features through an interactive, agent-powered shopping demo. It pointed to early consumer interest in AI-driven commerce. The deal with Square Tech is a further step toward bringing these features into real-world payment apps.
Built-In Safeguards
The plan will include tech safeguards. They are meant to keep things safe, clear, and trusted when AI agents pay for users:
- Each AI agent will get a verifiable on-chain identity based on the ERC-8004 standard.
- Spending limits will be set.
- User approval steps will be required.
- Full transaction records will allow clear monitoring of AI agent payments.
In the first phase, the companies plan to support stablecoins tied to the US dollar. They will use setups that meet the needed license and regulatory rules. They also plan to lay the tech base for stablecoins tied to the Korean won, as South Korea’s rules evolve.
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.”
Compliance Commitments
The companies intend to comply with all relevant South Korean laws and regulations, including:
- The Electronic Financial Transactions Act
- The Virtual Asset User Protection Act
- The Foreign Exchange Transactions Act
- The Act on Reporting and Use of Certain Financial Transaction Information
Where needed, they will work with licensed service providers to deliver the planned services. Features for shoppers will be added in phases, after legal and regulatory review.
Related reading: Securitize and LG CNS on tokenized assets in South Korea and GOAT’s x402 GMPayer AI payments work.
About Square Tech
Square Tech was founded in 2002 and is based in Hwaseong, Gyeonggi Province, South Korea. The company makes LTCC (Low Temperature Co-fired Ceramic) parts and base boards. These are used in the telecom, defense, and car industries. It has been listed on KOSDAQ since 2016.
Through its Digital Solutions business, Square Tech is expanding into digital asset payments. It is building a stablecoin payment program for foreign tourists with Lordsystem. Lordsystem is a South Korean firm that checks identity on mobile. It is also in talks to work with Anchorage Digital, a US-based digital asset platform for big firms. The work covers digital asset systems for big firms.
About GOAT Network
GOAT Network is a network for agentic commerce, secured by Bitcoin. It links businesses, shoppers, developers, and AI agents.
Its core product, GOAT Flow, makes products and services easy for AI agents to find, understand, and buy. GOAT AgentKit gives developers tools to build agent-native apps.
GOAT Network’s core infrastructure is developed by DAC Labs. DAC Labs is a research and engineering company focused on blockchain infrastructure, zero-knowledge technology, and AI agent systems.
Contact
COO
Sophia Li
GOAT Network
contact@goat.network
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