KakaoBank Moves Forward with KRW-Pegged Stablecoin and Expands Hiring
KakaoBank has officially moved its KRW-pegged project, often referred to as “Kakao Coin,” from exploration to active development.
According to local media, the digital bank is now building its own blockchain infrastructure and has begun recruiting backend developers who specialize in smart contracts, token standards, and secure key-management systems.
The bank recently signed agreements with Korea Investment & Securities and Lucent Block to develop blockchain-based financial instruments and tokenized systems.
Analysts estimate that the nation’s STO market could grow to as much as $287 billion by 2030.
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