Key lawmakers close to presidential frontrunner Lee Jae-myung are urging South Korea to accelerate the rollout of a won-backed stablecoin. Emphasizing the strategic importance of stablecoins, they warn that delays could result in USD-pegged stablecoins further dominating both global and domestic markets. The Democratic Party is pushing legislation to establish clear regulations, aiming to secure a competitive edge in the fast-growing stablecoin sector and curb capital outflows.
Continue to read South Korea Prioritizes Rapid Launch of KRW Stablecoin to Challenge USD Dominance
Key lawmakers close to presidential frontrunner Lee Jae-myung are urging South Korea to accelerate the rollout of a won-backed stablecoin. Emphasizing the strategic importance of stablecoins, they warn that delays could result in USD-pegged stablecoins further dominating both global and domestic markets. The Democratic Party is pushing legislation to establish clear regulations, aiming to secure a competitive edge in the fast-growing stablecoin sector and curb capital outflows.
Continue to read South Korea Prioritizes Rapid Launch of KRW Stablecoin to Challenge USD Dominance
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