#加密货币监管动态# The move by South Korean internet giant Kakao to establish a stablecoin working group has caught my attention. This action demonstrates the ongoing interest of large technology companies in the field of encryption, particularly in the area of stablecoins. The direct involvement of Kakao's executives in weekly meetings indicates the company's seriousness about the project. From an on-chain data analysis perspective, if Kakao indeed launches its own stablecoin, it could result in significant capital flow and user growth. I will closely monitor the progress of this project, especially its potential impact on the existing stablecoin market and the responses from regulatory authorities. This could become an important signal for predicting trends in South Korean cryptocurrency regulation.