South Korea’s Naver to Acquire Upbit Exchange, Eyes Stablecoin Push

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Story Highlights* Naver Financial will acquire Upbit through a share-swap, strengthening its crypto market position.

  • Naver plans to launch a won-pegged stablecoin, offering a local currency-backed alternative.
  • Following the news, Naver’s shares jumped over 11%, showing strong investor confidence in its crypto expansion plans.
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