[KakaoBank Advances Korean Won Stablecoin Plan] Odaily Planet Daily News – KakaoBank, a bank under South Korean internet company Kakao Corp, is preparing to launch a Korean won-backed stablecoin. The bank is advancing the development of a smart contract-based foreign exchange settlement system, which could serve as the foundation for its planned Korean won-backed stablecoin. Reportedly, KakaoBank is building the technical infrastructure required to support on-chain financial services, including work on smart contract execution, token standards, full node operations, and the backend systems needed for issuing and managing digital assets. (Decrypt)