🇰🇷💥 Upbit Teams Up with Naver Pay to Launch South Korean Won (KRW) Stablecoin 💸🔗

In a major move for the South Korean crypto market, Upbit and Naver Pay are reportedly collaborating on a KRW stablecoin — a project that could reshape the nation’s digital finance landscape.

🪙 Why it matters:

• Comes as the Bank of Korea pauses its CBDC plans

• Aligns with the President’s support for a stablecoin market

• Aims to reduce the “kimchi premium” by enabling smoother on-chain swaps with USDT/USDC

🌐 This stablecoin could ease cross-border trading, bring price consistency across exchanges, and strengthen Korea’s digital asset ecosystem.

🚀 Korea taking a bold step toward blockchain-powered finance!

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