Kakaopay Stocks plummet 17% when Korean exchanges suspend transactions via Stablecoin exposure
South Korean fintech giant Kakao Pie crashed 17% on June 27 as trading resumed after a second suspension of shares in a week due to rising skepticism about the winning stubcoin by the Korean exchange. According to Bloomberg, the exchange designated cocoa pie as an “investment risk” due to extreme volatility, but the underlying cause…
