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South Korea Ditches CBDC Dreams—KakaoBank Charges Into the Stablecoin Arena
South Korea Ditches CBDC Dreams—KakaoBank Charges Into the Stablecoin Arena
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When Seoul's central bank digital currency plans collapsed, KakaoBank didn't mourn—it pivoted hard. Now, South Korea's fintech heavyweight is diving headfirst into the stablecoin gold rush.
Why settle for government scraps when private-sector tokens print money faster?
The move signals a broader trend: Asian fintech giants are bypassing bureaucratic CBDC experiments to chase real revenue. KakaoBank's play? Capture the payments revolution while regulators scramble to keep up.
One banking insider quipped: 'CBDCs move at the speed of government—stablecoins move at the speed of profit.'
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