KakaoBank plans to ‘actively participate’ in stablecoin market: Report
Main Idea
KakaoBank plans to actively participate in the stablecoin market, leveraging its digital asset experience and regulatory compliance, following South Korea's move to legalize stablecoins.
Key Points
1. KakaoBank is reviewing various methods to engage in the digital asset ecosystem, including stablecoins, as part of its strategic plans.
2. The bank has filed for stablecoin-related trademarks and has experience in digital assets, including wallet services and participation in the Bank of Korea’s CBDC experiment.
3. KakaoBank has 25.86 million users and $46.47 billion in assets under management, with steady growth since 2021.
4. South Korea's crypto exchange users have surpassed 16 million, representing over 30% of the country’s population.
5. KakaoBank’s stock price saw a 19.3% increase after filing for stablecoin-related trademarks, though it remained flat during the latest trading session.
Description
KakaoBank is reportedly looking at services for the issuance and custody of stablecoins with plans to “actively participate” in the crypto market.
Latest News
- Ether price target now $20K as ETH preps all-time high in '1-2 weeks'2025-08-09 15:27:27
- Crypto influencers are replacing VCs, and that’s a good thing2025-08-09 15:26:46
- Arthur Hayes buys ETH back at higher prices, pinky swears to never sell2025-08-09 13:00:02
- VivoPower shares jump 32% on $100M Ripple buy plan to boost XRP treasury2025-08-09 10:40:32
- These three catalysts will help Bitcoin break $122K2025-08-09 10:25:38