KakaoBank Gears Up for a KRW Stablecoin… but What’s Coming Next?
Hey Digital Banking Fanatics!
South Korea is really moving fast on digital money, and the signals keep getting louder...
KakaoBank is now preparing to support a won-backed stablecoin as new regulations approach.
Job boards tell the story. The bank is assembling a team to build smart contract FX rails, full-node infrastructure, and the back-end engines needed to issue and manage digital assets.
The timing also makes sense. Kakao’s parent company was already exploring a stablecoin last year to power payments, remittances, and merchant flows across its ecosystem. A native KRW rail fits that plan.
Its blockchain partner Kaia has filed multiple trademarks for a won-based stablecoin. Quiet moves, but very coordinated. No official timeline yet. Just tight confidentiality from everyone involved.
And in the background, Upbit is set to be acquired for 10.3 billion dollars as Korea’s digital asset landscape resets in real time.
If you're into Digital Banking shake-ups, definitely check out the updates below 👇
Cheers,
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NEWS
🇰🇷 KakaoBank prepares for Korean won stablecoin amid Upbit acquisition. According to a report, the digital bank is developing a smart contract-based FX settlement system, which is expected to power its upcoming stablecoin offering. It hinges its claim on several job boards, indicating that KakaoBank is recruiting developers for its newly minted blockchain service.
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