SEOUL, South Korea – KakaoBank has firmly denied claims of joint stablecoin development with the Kaia DLT Foundation, creating significant confusion in South Korea’s rapidly evolving digital currency landscape. This denial follows Kaia’s now-deleted announcement on its official Japanese X account, which had claimed collaboration on a won-based stablecoin infrastructure. The contradictory statements highlight the complex regulatory environment surrounding digital assets in Asia’s fourth-largest economy.