On the 23rd, KakaoPay closed at 92,000 won (US$98), up 15.58%. At one point, it had risen to 94,500 won (US$100), the highest price in the past 52 weeks.
This movement is due to the expectation for the introduction of a stable coin pegged to the Korean won, and the fact that users of the company's services hold the largest amount of prepaid coins.
This is based on a report from a securities firm that predicted that KakaoPay would benefit from stablecoins. KakaoPay's prepaid balance in the January-March period was approximately 591.9 billion won (approximately 63.1 billion yen).
This is three times the amount of Naver Pay, which is 157.6 billion won (about 15.8 billion yen). However, Kakao Pay has a specific strategy related to stable coins.
Not only that, but in response to growing market expectations, the company has only filed applications to register 18 stablecoin ticker symbol trademarks so far.
A KakaoPay representative said, "We are currently monitoring the situation and have not yet decided on any specific plans."
2025/06/26 09:25 KST
Copyrights(C) Edaily wowkorea.jp 101