Analysis: South Korean tech giants Naver and Kakao will compete in the stablecoin market.
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最新报道：According to a report by Dlnews on December 2nd, South Korean tech giants Naver and Kakao are set to fiercely compete in the stablecoin market, both planning to issue stablecoins pegged to the Korean won. Analysts believe Naver's acquisition of Upbit will give it an advantage. Naver plans to combine its electronic payment platform Naver Pay with the Upbit exchange platform and Dunamu's Giwachain blockchain network. Naver's stablecoin may launch on the Giwachain blockchain for payments on its shopping and webcomic platforms, and will be integrated into the video streaming service CHZZK and the metaverse platform Zepeto. Upbit boasts approximately 10 million users and a daily trading volume of about $1.8 billion. Kakao, on the other hand, is expanding its stablecoin business through its chat application KakaoTalk (with over 49 million monthly active users) and Kakao Bank, targeting the K-pop fan base. Sources indicate that Kakao is considering acquiring the exchange Coinone.
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