Kakaobank in South Korea is planning Stablecoin Services: Report

Korea’s bank’s banking arm of the IT Korea Kocoa reportedly increases the plans to offer Stablecoin services among the regulatory change in the country after choosing the President of Pro-CrryPto Lee Jae-Myung.

Financial Director of Kakaobanks, Kwon Tae-Hoon, said during the first half of profits from 2025 that the company “browsing various methods, such as emissions and care”, and “plans for active participation” in the “digital assets ecosystem”, Zdnet Koreaa Reported on Wednesday

Kwon added that the initiative is directed in cooperation with the Stablecoin Task group in cocoa, which includes the highest leadership from basic associated entities, including KakaPay.

Stablecoin Move Kakaobanks takes place after the election of President Lee Jae-Myung in June, who has since moved forward with various cryptocurrency regulations, including the account for the legalization of Stablecouins.

Kakaobank Location of the basics

Kakaobank filed In the case of trademarks related to Stablecoin on June 23, at the same time as the rival Kookmin Bank, a subsidiary KB Financial Group. Eight other main banks from South Korea are also planned by Korean Stablecoins winning to start by 2026.

Kwon reportedly said that Kakaobank already has experience in digital assets, “successfully conducted with the opening of the portfolio, exchange” and participated in an experiment with the digital currency of Bank Bank Bank Bank Korea.

“Over the past three years, we’ve spent real verified accounts for virtual assets and we serve risk -related funds, such as know Your customer and counteracting monitoring based on money laundering,” said Kwon.

Kakaobank has 25.86 million users, which is about half of the South Korea population of 51.7 million and $ 46.47 billion in March this year.

Managed Kakaobank assets have been constantly growing since 2021. Source: Firmarketcap

Crypto Exchange users in South Korea also exceeded 16 million, after receiving the election of US President Donald Trump in November last year. This number accounts for over 30% of the country’s population.

Kakaobank Stock remains flat

Earlier, after Kakaobank applied for trademarks related to Stablecoin, the price of shares jumped He won up to 37,000 Koreans (USD 27) from USD 22.60, which is an boost in 19.3%.

However, after the latest update of its plans, Stablecoin, the price of shares achieved petite profits on Wednesday, rising to the top of 27,825 wins (USD 20.10) for a trading session, after which it fell to $ 26,900 wins (USD 19.43) by Bell.

In the latest trade session on Thursday, his price of shares reached only a petite profit, growing 0.93% for trade at 27,150 Korean wins (USD 19.60).

*Kakaobank shares have not registered any major profits after another stage of his ongoing Stablecoin plans. Source:* *Google Finance*

The bank has been operating since 2016 and was founded through a company between Korea Investment Holdings and Cocoa Corp.

Related: Ostroja XRP is a vein for Korean institutions through BDACs among “strong interest”

Stablecouins apply the eyes around the world

Other vast companies, and even countries are more and more interest in using stableleins in some form.

Report of May 14 from the FIBLABLOKS platform in the field of Enterprise digital assets, it was found that 90% of institutional players surveyed are investigating the apply of Stablecouins in their operations.

Meanwhile, an official of the Russian Ministry of Finance raised a plan for the government of developing his own Stablecoin in April, while the Trio of the main institutions of Abu Dhabi joined forces to create a modern Stablecoin in the same month.

Warehouse: False JD Stablecouins, fraudsters impersonate Solana Devs: Asia Express