[KakaoBank Advances Construction of KRW Stablecoin and On-Chain Settlement Infrastructure] According to Decrypt, KakaoBank, the digital bank under South Korean IT giant Kakao, is accelerating the development of a technical system supporting KRW stablecoins and tokenized assets. This includes smart contract execution, token standards, full nodes, and issuance management backends. Its blockchain partner, Kaia, has filed at least four trademarks for KRW-pegged stablecoins as of August. Sam Seo, chairman of the Kaia Foundation, stated that they are in communication with multiple parties regarding the proof of concept (POC) for the KRW stablecoin, but details remain confidential for now.