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    Home»Markets»KakaoBank plans to ‘actively take part’ in stablecoin market: Report
    KakaoBank plans to ‘actively take part’ in stablecoin market: Report
    Markets

    KakaoBank plans to ‘actively take part’ in stablecoin market: Report

    By Crypto EditorAugust 7, 2025No Comments3 Mins Read
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    The banking arm of South Korean IT big Kakao Company is reportedly ramping up plans to supply stablecoin companies amid a regulatory shift within the nation after the election of pro-crypto president Lee Jae-myung.

    KakaoBanks’ chief monetary officer Kwon Tae-hoon stated in the course of the firm’s first-half 2025 earnings name that the corporate is “reviewing numerous strategies reminiscent of issuance and custody,” and “plans to actively take part,” within the “digital asset ecosystem,” ZDNet Korea reported on Wednesday

    Kwon added that the initiative is being spearheaded in cooperation with Kakao’s Stablecoin Activity Power, which incorporates high management from its core associates together with KakaoPay.

    KakaoBanks’ stablecoin transfer follows the election of President Lee Jae-myung in June, who has since pushed ahead with numerous crypto-related legal guidelines, together with a invoice to legalize stablecoins.

    KakaoBank laying groundwork

    KakaoBank filed for stablecoin-related logos on June 23, concurrently rival Kookmin Financial institution, a subsidiary of KB Monetary Group. Eight different main South Korean banks are additionally planning Korean won-pegged stablecoins to launch by 2026.