Kakao Accelerates Stablecoin Plans as Naver Moves to Merge With Upbit Operator

Kakao Bank has reportedly shifted to active stablecoin development under founder Kim Beom-soo, while Naver is finalizing a merger with Dunamu, the operator of Upbit, South Korea’s largest crypto exchange. These moves come as lawmakers push forward stablecoin bills that could reshape the country’s digital financial landscape. Kakao Accelerates Stablecoin Development According to a local media report, Kakao Bank is building blockchain infrastructure for its planned stablecoin, “Kakao Coin,” following an internal review. With its large user base across messaging, banking, and payments, Kakao aims to use its network to drive stablecoin adoption source: https://beincrypto.com/south-korea-stablecoin-market-kakao-naver/