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KakaoBank Advances Won-Pegged Stablecoin Project Amid South Korea’s Crypto Regulatory Shift

KakaoBank Advances Won-Pegged Stablecoin Project Amid South Korea’s Crypto Regulatory Shift

Author:

Global Cryptocurrency

Published:

2025-11-27 07:05:01

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BTCCSquare news:

KakaoBank has transitioned its 'Kakao Coin' stablecoin initiative from exploratory review to active development, signaling South Korea's deepening embrace of blockchain-based financial infrastructure. The digital banking arm of tech conglomerate Kakao is recruiting blockchain specialists to build proprietary systems for token management and transaction processing.

The MOVE aligns with anticipated legislative reforms that could legitimize stablecoins as payment instruments. KakaoBank's parent company designated the won-pegged token project as a core strategic priority in August, reflecting institutional confidence in asset-backed digital currencies despite recent market volatility.

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