KakaoBank Develops Won-Backed Stablecoin
Update: 2025-11-26
Description
KakaoBank, a leading South Korean financial institution, is reportedly developing a won-backed stablecoin, leveraging its strength in retail and chat app services. This move aligns with new regulations allowing banks to introduce digital currencies, potentially streamlining transactions and offering real value. However, strict laws on international transfers pose challenges.
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