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KakaoBank plans to enter the South Korean stablecoin market.
According to BlockBeats news on August 6, as reported by The Block, KakaoBank's Chief Financial Officer Kwon Tae-hoon stated at the performance briefing for the first half of 2025 that the bank is assessing the issuance and custody business of digital assets and is collaborating with the Kakao Group's stablecoin working group. KakaoBank has accumulated experience in real-name account issuance on cryptocurrency trading platforms, AML monitoring, and other risk management aspects, and has participated in the Central Bank's central bank digital currency pilot project in South Korea.