Kaia deletes social media post about Kakao Bank stablecoin partnership

The Kaia Foundation posted and then quickly deleted a message on its official Japanese social media account stating it was developing a won-based stablecoin infrastructure with Kakao Bank, Chosun Biz reported. Kaia stated that the post was a mistake made by an agency and that it had requested the post's immediate removal. The foundation had previously announced plans to launch a stablecoin last September.