Kaia DLT Foundation (Kaia DLT Foundation·Kaia) posted on its official social networking service (SNS·Social Networking Service) that it is developing a won-based stablecoin infrastructure with KakaoBank, then deleted the post immediately.
According to the virtual asset industry on the 10th, Kaia wrote on its official Japan X (formerly Twitter) the previous day, "Kaia is developing a won-based stablecoin infrastructure with KakaoBank," adding, "We are aiming for regulatory approval within the year."
As the content spread across communities, the post was deleted right away. A Kaia official said, "An agency handles the official Japan SNS. While posts by the agency are usually checked in advance, in this case the agency's manager was recently changed, and due to inexperience the post was uploaded without prior review," adding, "Because the content had not been fact-checked, we requested its immediate deletion."
Kaia announced a plan to launch a stablecoin in September last year. Chair Seo Sang-min of Kaia said at a press briefing in September last year that the company would integrate Asian finance through a won-based stablecoin. The goal is to build a system that exchanges using the won and local currency without dollars, improving expense and speed.
A Kaia Foundation official said, "We recently completed the initial phase of a proof of concept (PoC·Proof of Concept) for stablecoin technology with major commercial banks and partners. Through this verification, we secured meaningful data such as expense savings and improved remittance speed, and we plan to distribute materials summarizing these results soon."