According to ME News, on September 8 (UTC+8), an analysis by South Korea’s National Assembly Budget Office found that a Korean won-backed stablecoin could save Korean merchants between $275 million and $3.8 billion annually in payment processing fees. The report noted that USD-backed stablecoins account for 98.8% of the global $312.3 billion stablecoin market, and a KRW stablecoin could provide merchants with a local alternative. The Budget Office warned that outflows from bank deposits could weaken banks’ role as credit intermediaries, and large-scale redemptions might force issuers to sell reserve assets, causing the stablecoin to depeg and undermining market confidence. The office called for reserve requirements, limits on stablecoin yields, and stronger regulation of tokens that could threaten financial stability. South Korea plans to expand tokenized securities by February 2027, with future integration of the blockchain securities market and stablecoin payment infrastructure. (Source: ODAILY)
KRW stablecoins could save Korean merchants up to $3.8 billion annually in fees.
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Summary
Market news from South Korea indicates that KRW stablecoins could save merchants between $275 million and $3.8 billion annually in fees. The Korean Congressional Budget Office noted that USD stablecoins control 98.8% of the $312.3 billion market. KRW stablecoins could provide a local alternative but pose risks of capital outflows and de-pegging. The report recommends reserve requirements and yield limits to prevent instability. South Korea aims to expand tokenized securities by 2027 and integrate them with stablecoin payment systems. Bitcoin market news frequently highlights regulatory shifts, and this report contributes to the evolving crypto landscape.
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