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South Korean payment giant Kakao Pay has applied for a trademark for the KRW stablecoin, possibly laying the groundwork for its own stablecoin business.
Odaily News South Korea's payment giant Kakao Pay has submitted 18 trademark applications related to "KRWKP" to the Korean Intellectual Property Office, covering service categories such as stablecoin names, payment settlement, and Crypto Assets wallets. Analysts believe this move may be aimed at preparing for the launch of its own Korean won stablecoin. Kakao Pay responded that the trademark registration is a preemptive protective measure to cope with future diversified business, and there are currently no specific business plans. (Seoul Economy)