Home Cryptocurrency South Korean payments firm Kakaopay tumbles 17% as regulators sound alarm on stablecoins

South Korean payments firm Kakaopay tumbles 17% as regulators sound alarm on stablecoins

Shares of Kakaopay dropped sharply after volatile trading as regulators warn of risks tied to widespread stablecoin adoption. Shares of South Korean digital payments firm Kakaopay tumbled as much as 17% on June 27 after trading resumed Thursday, following a…

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