KakaoBank to ‘Actively Engage’ in Stablecoin Ecosystem, Says CFO
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South Korea’s KakaoBank is gearing up to offer stablecoin services in response to the country’s evolving regulatory landscape.
Following the pro-crypto stance of newly elected President Lee Jae-myung, the bank is exploring issuance and custody solutions, CFO Kwon Tae-hoon announced during its H1 2025 earnings call.
The effort is being led in partnership with Kakao’s Stablecoin Task Force, which includes executives from KakaoPay and other affiliates.
The move aligns with South Korea’s push to pass legislation recognizing stablecoins as legal financial instruments.
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