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South Korean Payment Giant Kakao Pay Officially Launches Korean Won Stablecoin Business Layout According to the Seoul Economic Daily, South Korean payment giant Kakao Pay has officially launched its Korean won stablecoin business layout and has submitted 18 combined trademark applications (such as KRWKP, KWRP, etc.) containing "KRW" and the company logo to the Patent Office, covering virtual asset financial transactions, electronic transfers, and intermediary service categories. This move is seen as a response to the legislative trend of South Korea's Digital Asset Basic Act, which is intended to allow the private issuance of Korean won stablecoins. Industry analysis points out that Kakao Pay's move is to seize the first opportunity in the stablecoin market. The game company Nexthurs also publicly stated on the same day that it would compete for the qualification to launch the first Korean won stablecoin. Currently, South Korean political and business enterprises are accelerating the process of digital asset compliance, and it is expected that competition in the local stablecoin market will become increasingly fierce.

Wu Shuo learned that, according to the Seoul Economic Daily, South Korean payment service provider Kakao Pay has officially launched a Korean Won stablecoin project. Kakao Pay applied to the Korean Intellectual Property Office on June 17 for 18 trademarks related to the Korean Won stablecoin, including "KRWKP," "KWRP," and "KPKRW," covering areas such as virtual asset financial transactions and electronic transfers. South Korea is currently promoting the "Digital Asset Basic Act," which allows private issuance of Korean Won stablecoins. On the same day, game company Nexusth also stated that it would strive to become the first issuer of Korean Won stablecoins. https://t.co/hKvkpeqH8h