[Featured Stock]"Stablecoin-related Stock" Kakao Pay Jumps 9%

Kakao Pay is on an upward trend as solid demand for stablecoins in the United States has been confirmed.

As of 9:15 a.m. on the 26th, Kakao Pay was trading at 70,000 won, up 5,900 won (9.20%) from the previous trading day.

The share price of Circle, a stock related to stablecoins, closed at 83.14 dollars on the New York Stock Exchange overnight, up 21.77 dollars (35.47%). Its earnings per share (EPS) had initially been projected at 0.16 dollars, but came in at 0.43 dollars, achieving an earnings surprise.

Kakao Pay is drawing attention as the biggest beneficiary and leading stock in connection with the full-fledged launch of the domestic won-denominated stablecoin market.