According to BitcoinWorld, South Korea faces a critical decision on implementing a won stablecoin, with Democratic Party lawmaker Min Byung-deok warning that delaying innovation could harm the nation’s economic future. The Bank of Korea has outlined seven risks, including de-pegging and monetary policy challenges, but Min argues these are manageable through proper design, regulation, and gradual implementation. He emphasizes that the real risk lies in falling behind in the global digital economy. A well-designed won stablecoin could improve transaction efficiency, reduce settlement times, and enhance financial inclusion. As other countries advance their digital currency frameworks, South Korea must balance innovation with stability to remain competitive in financial technology.
South Korea's Won Stablecoin Debate Risks Economic Future, Warns Lawmaker
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