Kakao ramps up won-based stablecoin push with new partnerships

Kakao Group is expanding partnerships with companies including Southeast Asian superapp Grab, Thai financial group SCBX and South Korea’s Kyobo Life Insurance as it prepares to build a won-based stablecoin ecosystem. The South Korean technology group, which includes Kakao, KakaoBank and Kakao Pay, said on Wednesday it aimed to establish a value chain covering the issuance, distribution, payment and transfer of won-denominated stablecoins once the country introduces a regulatory framework for dig

Source: The Korea Herald