Kakao Bank Advances Stablecoin Push, Hires Devs as Naver Rivalry Heats Up

• Kakao Bank has moved its stablecoin project to the development phase, initiating a key hiring drive.
• The bank is recruiting blockchain engineers to build a Korean Won-pegged digital asset.
• This accelerates the race against Naver, despite ongoing regulatory disputes in South Korea.

South Korea’s Kakao Bank has advanced its stablecoin initiative to the development stage, leading to an advertisement seeking applicants with the required skills and experience to approach the financial institution for a potential one-year contract. This move signals an aggressive push to compete with rival tech giant Naver in the digital finance race.

The recruitment drive focuses on the bank’s “New Business Service Development Team.” This unit is tasked with building the backend systems required to issue and manage a regulated digital currency.

Related: The Biggest Banks in South …

Read The Full Article Kakao Bank Advances Stablecoin Push, Hires Devs as Naver Rivalry Heats Up On Coin Edition.