Kakao Bank Pushes Ahead With “Kakao Coin” Stablecoin

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Kakao Bank is reportedly advancing the development of its planned stablecoin, “Kakao Coin,” under founder Kim Beom-soo. Leveraging its messaging, banking, and payment networks, the bank aims to drive adoption despite South Korea’s regulatory uncertainty. The project comes amid global stablecoin growth, with TRM Labs reporting that 30% of all on-chain crypto transactions in 2025 involved stablecoins.

[Abdul Khan]

Kakao entering the stablecoin race is a major move for mainstream adoption.

[Nahid Hossen]

Their massive user base gives the project a huge advantage.