📣 KakaoBank develops stablecoin Kakao Coin backed by won and integrated with Kaia blockchain

26.11.2025

KakaoBank, South Korea's leading digital bank, announced that it is working on its own stable coin, Kakao Coin, which will be backed by the South Korean won. The project aims to enhance users' financial empowerment and improve the efficiency of digital payments in the Kakao ecosystem.The stablecoin Kakao Coin is being developed with the aim of integrating with the Kaia blockchain backed by Kakao, which will allow for transparency, security and instant transaction processing. According to KakaoBank officials, the new coin will be fully backed by reserves in South Korean won, minimizing volatility and risks for users. This decision is important amid growing demand for low-volatility digital assets: according to the Bank of Korea, the volume of transactions using digital payment instruments in the country grew by 27% over the past year.KakaoBank emphasizes that the introduction of the stable coin will simplify transactions between users, reduce fees and speed up settlements for both domestic and international transfers. In addition, the project supports Kakao's strategy to develop digital financial services with a focus on security and regulatory compliance.Currently, the KakaoBank team is continuing to test and refine Kakao Coin, paying special attention to compliance with security standards and ease of integration with existing Kakao Group services.