KakaoBank to focus on leading KRW stablecoin issuance this year

KakaoBank has revealed that its key business objective for the year is to lead the issuance and distribution of a Korean won-backed stablecoin, aiming to become a global connector in the process, Edaily reported. The bank also declared its transition into an AI native bank and announced plans to expand into Mongolia, following its previous entries into Indonesia and Thailand.