South Korea's stablecoin push stalls on missing law as Samsung Wallet launches USDC transfers in the US
- —Samsung Wallet to offer USDC transfers to 60+ countries via Coinbase and Bastion
- —KB Kookmin Card completed stablecoin payment pilot at CU stores on Sept 28
- —NHN KCP tested won stablecoin KRWPS on a testnet in May
- —Hyundai Card ran stablecoin remittances between US and Mexico units in July
Why it matters: Without the Digital Asset Basic Act, Korea risks ceding stablecoin settlement to Circle and Visa while the won stablecoin remains a token on foreign rails.
Source: Blockmedia
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