Naver to Merge With Dunamu, Poised for Stablecoin Launch

[ed]

Naver Financial and Dunamu, the operator of Upbit, are set to approve a 20 trillion won equity swap, making Dunamu a Naver subsidiary. The merger combines Naver’s payment infrastructure with Upbit’s crypto expertise, potentially enabling instant stablecoin distribution across Naver platforms. Analysts say the union could position the company as a leading issuer of won-backed stablecoins once South Korea’s regulations are clarified.

[Abdul Khan]

This merger could create one of Korea’s strongest digital finance alliances.

[Nahid Hossen]

A new stablecoin from these giants could shake the market.