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South Korean internet giant <strong>Kakao</strong> has established a Stablecoin Special Working Group

By: theblockbeats.news|2025/08/05 07:52:24

BlockBeats News, August 5th, according to Daily Economic News, South Korean internet giant Kakao has established a stablecoin special task force. Kakao CEO Shina Chung, Kakao Pay CEO Shin Won-keun, and Kakao Bank CEO Yoon Ho-young will participate in weekly meetings to discuss various situations and tasks related to the project.

Other subsidiaries, including Kakao Games, are expected to join in the future. In addition, it has also set up a task force involving grassroots employees from its subsidiaries to actively advance the proposed agenda.

Linea will integrate the Lido V3 staking-as-a-Service infrastructure to enable its L2 native rewards.

Analysis: Amid escalating inflation concerns, the options market is showing bearish pre-signals.