South Korea’s KakaoBank has embarked on its planned “Kakao Coin,” a KRW-pegged stablecoin, into the actual development phase. Kakao is reportedly establishing blockchain infrastructure for its own stablecoin and has opened new recruitment for blockchain service backend developers. The position demands a deep understanding of smart contracts and token standards. Per a local media report, the recruit will be responsible for designing new blockchain-based service structures, managing keys, and building tran ...

Photo by BeInCrypto Kakao Bank has reportedly shifted to active stablecoin development under founder Kim Beom-soo, while Naver is finalizing a merger with Dunamu, the operator of Upbit, South Korea's largest crypto exchange. These moves come as lawmakers push forward stablecoin bills that could reshape the country's digital financial landscape. Kakao Accelerates Stablecoin Development According to a local media report, Kakao Bank is building blockchain infrastructure for its planned stablecoin, "Kakao ...