KakaoBank, a subsidiary of South Korean tech giant Kakao, has advanced its Korean won stablecoin project to the practical development stage. The company has simultaneously opened recruitment for blockchain backend positions on its official website, requiring expertise in smart contracts, token standards, and full node operation. KakaoBank's CFO previously stated that they are exploring various options for issuing or hosting digital assets. The Kakao Group established a "Korean Won Stablecoin Working Group" this year, and KakaoPay also applied for multiple KRW stablecoin codenames (PKRW, KKRW, etc.) in June. (The Block)
KakaoBank in South Korea has advanced its Korean won stablecoin project to the practical development stage.
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