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Kakao and KB Kookmin Bank team up on won-pegged stablecoin

Original: Kakao isn’t just piloting a won-pegged stablecoin; it’s building a consortium with KB Kookmin Bank to make it South Kore

Kakao is moving beyond piloting a won-pegged stablecoin and is building a consortium with KB Kookmin Bank aimed at making it South Korea's de facto digital payment standard. The tech giant is reportedly inviting global banks into a collaborative roundtable, leveraging its large user base to push the project forward.

Why now: Kakao's push to scale a stablecoin into a national payment standard with major banking partners is a significant development in digital finance.

KakaoKB Kookmin BankSouth Korea

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• Kakao isn’t just piloting a won-pegged stablecoin; it’s building a consortium with KB Kookmin Bank to make it South Korea's de facto digital payment standard. By inviting global banks into a collaborative roundtable, the tech giant is leveraging its massive user base to… · asiaai

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