With South Korea's CBDC Plans Dead, KakaoBank Joins Stablecoin Gold Rush

"With South Korea's Central Bank Digital Currency (CBDC) plans now effectively abandoned, KakaoBank is seizing the opportunity to participate in the rapidly growing stablecoin market, joining a wave of financial institutions striving to capitalize on this emerging digital currency trend." source: https://www.coindesk.com/policy/2025/08/07/with-cbdc-plans-dead-kakaobank-joins-korea-s-stablecoin-gold-rush