Kbank forms digital asset task force to explore stablecoin financial services

Kbank, a South Korean neobank and banking partner of crypto exchange Upbit, has launched a digital asset task force to develop stablecoin-focused financial services, according to Money Today. The six-member team, composed of experts from the stablecoin association, will monitor trends in digital asset technology and regulation, as well as design business models and strategies for stablecoin-based offerings.