South Korean internet conglomerate Kakao is preparing a Korean won stablecoin through its involvement in the Kaia blockchain, which recently registered related trademarks with the Korean Intellectual Property Office. Kaia, which operates the public blockchain formed from the merger of Klaytn and Finschia, disclosed with Decrypt that it had registered the “KRWGlobal,” “KRWGL,” “KRWKaia,” and “KaKRW” trademarks earlier this month. With Kakao and Kakao Pay serving on its governance council, Kaia is positioning a won-pegged token as a potential bridge to other fiat-backed stablecoins such as USD and JPY. Kakao…
Read MoreKakao Prepares Korean Won Stablecoin on Kaia as Lawmakers Weigh New Rules
