KakaoBank, the banking arm of South Korea's Kakao Corporation, is enhancing its efforts to offer stablecoin services following a regulatory shift under pro-crypto president Lee Jae-myung. CFO Kwon Tae-hoon announced plans to explore issuance and custody methods while actively engaging in the digital asset ecosystem during a recent earnings call. The initiative will be driven by Kakao’s Stablecoin Task Force, collaborating with key affiliates including KakaoPay. The bank has already filed for stablecoin-related trademarks, joining a trend among major South Korean banks aiming to launch by 2026. Kwon highlighted KakaoBank's experience in digital assets, noting operational measures like Know Your Customer and Anti-Money Laundering compliance. Despite a user base of nearly 26 million and significant asset management, KakaoBank's stock remains stable, showing only minor fluctuations amid the announcements. As interest in stablecoins grows globally, KakaoBank's move aligns with broader industry trends.

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