According to the Seoul Economic Daily, Foresight News reports that Kakao Pay, a Korean payment service provider, is launching a Korean won stablecoin business. The company applied for 18 trademark rights to the Korean Patent Office on June 17, combining the KRW (Korean won symbol) with letters representing Kakao Pay such as K and P, including trademarks like KRWKP, KWRP, and KPKRW, which are classified in areas such as virtual asset financial transactions, electronic transfers, and intermediary services. Kakao Pay stated that it has "not yet determined specific plans" but explained that "this is to pre-register trademark rights for the stablecoin business".
South Korean payment service provider Kakao launches Korean won stablecoin business
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