KakaoBank Set to Launch KRW-Backed Stablecoin in 2025

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KakaoBank, South Korea's leading digital bank, is set to enter the burgeoning stablecoin market with a Korean won-backed stablecoin planned for launch in early 2025. This strategic move aligns with a broader push by the Kakao Group into the digital asset ecosystem, leveraging the company's extensive user base and existing financial infrastructure.

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