South Korean MP Urges Faster Stablecoin Legalization and Adoption

KuCoinFlash

Release Time:12/20/2025 09:01:45

A South Korean MP has called for faster stablecoin legalization and adoption, pushing the government to work with traditional banks on the issue. He said delays risk falling behind in global payments and stressed stablecoins are already transforming the financial system. The MP said the focus now is not on whether to launch stablecoins but how to do it quickly. Stablecoins are key for cross-border payments, trade, and remittances. For those asking what is a stablecoin, they are digital assets pegged to fiat currency. As part of a broader token launch strategy, this push highlights growing interest in blockchain-based finance.

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