ABP Asset Management executive urges institutionalizing a Korean won stablecoin
- —Sung: dollar stablecoins serve as a tool to expand US demand for Treasuries
- —He urged Korea to institutionalize a won stablecoin before dollar coins dominate
- —Growth of AI agents and RWA tokenization will boost stablecoin demand and ETH and SOL networks
- —He compared bitcoin to gold due to its capped supply
Why it matters: Without a won stablecoin, dollar-pegged coins could dominate Korean payments and weaken monetary control.
Source: TokenPost