VECS Smartframe

South Korea’s Kakao Bank Advances Stablecoin Project to Development Phase Kakao Bank, South Korea’s leading digital bank, has moved its Kakao Coin stablecoin initiative into the active system development stage. This follows Kakao Group’s internal review of its KRW-pegged stablecoin plan, shifting from strategy to technical execution. Kakao has tasked its core affiliate, Kakao Bank, with implementation. The bank’s website confirms developer recruitment to build its blockchain-based service inf...