ME News reports that on August 12 (UTC+8), KakaoPay announced it is preparing to launch a KRW-stablecoin and expand its global ecosystem. According to a job posting issued on the 12th, KakaoPay stated that launching a KRW-stablecoin and building a global ecosystem will serve as core pillars of its next-generation financial infrastructure, and it plans to collaborate with major domestic partners, global enterprises, international payment/remittance networks, and blockchain infrastructure providers. To this end, KakaoPay is hiring product managers for stablecoin and wallet products to develop policies and roadmaps for new stablecoin- and blockchain-related services, as well as server development engineers focused on stablecoin issuance and circulation. Previously, on August 4 during its Q2 earnings call, KakaoPay stated it is designing and validating its stablecoin business from both issuance and circulation perspectives. (Source: Foresight News)
KakaoPay to Launch KRW Stablecoin and Expand Global Ecosystem
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Summary
KakaoPay is set to launch a KRW stablecoin and expand its ecosystem growth through a partnership with MetaEra. The company plans to collaborate with local and global firms, as well as blockchain infrastructure providers. Hiring for product managers and server developers is currently underway for stablecoin and wallet initiatives. During its Q2 earnings call on August 4, KakaoPay discussed the design and validation of its stablecoin business. This move aligns with ongoing global developments in cryptocurrency regulation.
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