Naver and Upbit explore strategic alliance to integrate 30M users with potential won-backed stablecoin

Naver Financial and Dunamu are discussing potential collaborations including a share-swap agreement and won-pegged stablecoin development. While reports suggested merger talks were advanced, Naver clarified no binding terms exist yet, with formal announcements expected within one month. The partnership could connect Naver's 30M+ users to Upbit's crypto ecosystem.