KakaoBank has initiated the development of 'Kakao Coin,' a stablecoin pegged to the Korean won (KRW), marking a significant step in South Korea's blockchain and digital financial services landscape. The bank is recruiting blockchain developers to build the supporting infrastructure, including smart contracts and transaction systems. KakaoBank's stablecoin project is complemented by its plans for security token offerings (STO), in partnership with local financial firms, aligning with recent legislative reforms poised to boost South Korea's digital securities market. This initiative follows similar moves by tech leader Naver, signaling strong market momentum for blockchain-based finance within the country.
Continue to read KakaoBank Leads South Korea's Push for KRW-Pegged Stablecoin and Blockchain Financial Innovation
KakaoBank has initiated the development of 'Kakao Coin,' a stablecoin pegged to the Korean won (KRW), marking a significant step in South Korea's blockchain and digital financial services landscape. The bank is recruiting blockchain developers to build the supporting infrastructure, including smart contracts and transaction systems. KakaoBank's stablecoin project is complemented by its plans for security token offerings (STO), in partnership with local financial firms, aligning with recent legislative reforms poised to boost South Korea's digital securities market. This initiative follows similar moves by tech leader Naver, signaling strong market momentum for blockchain-based finance within the country.
Continue to read KakaoBank Leads South Korea's Push for KRW-Pegged Stablecoin and Blockchain Financial Innovation
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