Upbit & Naver Financial Merge for $13.8B Stablecoin Push
Update: 2025-11-24
Description
South Koreas largest crypto exchange, Upbit, and top payments provider Naver Financial, are set to merge, creating a financial powerhouse valued at approximately thirteen point eight billion dollars. The merger, driven by ambitions in the stablecoin market, aims to leverage each others strengths and potentially unlock a valuation of at least thirty-four point five billion dollars with a Nasdaq listing. The move comes as South Korea prepares new digital asset regulations and evaluates stablecoins role in the countrys financial landscape.
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