Kakao-backed Kaia plans to launch Korean won anchor stablecoin
Jun 12, 2025 pm 12:51 PMKaia, a public chain platform invested by South Korean instant messaging giant Kakao, announced that it plans to launch a stablecoin pegged to the Korean won (KRW) on June 9. This move is seen as a strategic move to expand the digital financial ecosystem of South Korea's domestic market, and also responds to the cryptocurrency development direction proposed by South Korean President Lee Jae-ming during his campaign.
The issuance of stablecoins pegged to the Korean won is expected to become an important bridge between the South Korean blockchain world and the traditional financial system. As the legal environment of the cryptocurrency industry gradually improves and clarifies, Kaia said it will focus on the domestic market and leverage its technological advantages to promote the widespread, safe, legal and compliant use of stablecoins.
Stablecoins pegged to the Korean won will have numerous potential applications in payments, DeFi transactions, and other decentralized finance fields. Kaia’s addition—a Layer 1 blockchain closely linked to Kakao Talk, a messaging platform with millions of users—will create huge advantages in market access and building trust in local stablecoins for South Korean users. Kaia hopes to play a pioneering role in shaping the future of South Korea’s digital finance.
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