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BTCC / BTCC Square / Global Cryptocurrency /
KakaoPay Shares Plunge 10% Amid Stablecoin Speculation and Regulatory Warnings

KakaoPay Shares Plunge 10% Amid Stablecoin Speculation and Regulatory Warnings

Author:
Global Cryptocurrency
Published:
2025-06-27 21:19:02
5
2
BTCCSquare news:

KakaoPay Corp. saw its shares plummet over 10% following a volatile trading session, exacerbated by regulatory scrutiny over its rumored stablecoin ambitions. The Korea Exchange had previously halted trading and flagged the stock as high-risk after a 300% monthly surge detached from fundamentals.

Financial authorities globally—including the Bank of Korea and BIS—are sounding alarms about stablecoins' potential to destabilize monetary systems. Market analysts now anticipate a prolonged correction, noting the disconnect between KakaoPay's valuation and its underlying business metrics.

|Square

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