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South Korea Ditches CBDC Dreams—KakaoBank Dives Headfirst Into Stablecoin Frenzy
South Korea Ditches CBDC Dreams—KakaoBank Dives Headfirst Into Stablecoin Frenzy
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When Seoul's central bank digital currency ambitions collapsed, KakaoBank didn't mourn—it pivoted hard. Now South Korea's digital banking leader is charging into the stablecoin arena, betting big where regulators backed down.
The move signals a seismic shift: private players are filling the void left by hesitant governments. While bureaucrats debate theoretical risks, KakaoBank's diving into the deep end of dollar-pegged tokens—because somebody's gotta profit from this $150B market.
Watch how this plays out: either we're witnessing the birth of a decentralized finance powerhouse, or another case of 'move fast and break things' in a nation that banned ICOs five years ago. Either way—the institutional money's arriving. Better late than never.
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