05:20
South Korean IT giant Kakao's Digital Bank KakaoBank has advanced its stablecoin plan to the development stage.
According to a report by Newspim on Wednesday, KakaoBank, a digital bank under the leading IT company Kakao in South Korea, has advanced its stablecoin plan pegged to the Korean won to the actual development stage. KakaoBank's official website also published information on recruiting backend developers for blockchain services, indicating this progress. The main requirements include proficiency in smart contracts, knowledge of token standards, and experience in trading management and Full Node operations.
KakaoBank's Chief Financial Officer Kwon Tae-hoon stated in the performance report for the first half of 2025 released in August that the bank is evaluating various options for participating in digital finance, such as issuing or custodizing digital assets.

