🚨 KakaoBank to Launch KRW-Backed Stablecoin in 2025 🇰🇷💸
South Korea’s leading digital bank, KakaoBank, is set to enter the stablecoin space!
🔹 Launching a Korean won (KRW)-backed stablecoin in 2025
🔹 Marks a shift in government policy—favoring private sector innovation over CBDCs
🔹 Backed by supportive signals from President Lee Jae-myung’s administration
🔹 Aimed at transforming local payments and accelerating digital adoption
CFO Kwon Tae-hoon stated:
> “We’re applying over three years of experience working with crypto exchanges to create a secure and scalable stablecoin infrastructure.”
📉 No direct impact on BTC or ETH for now, but it sends a strong message about where Asia’s stablecoin market is heading.
This mirrors global trends—showing stablecoins like USDC may outpace CBDCs in driving real-world digital finance.
