Regulation· ★★★· neutral·

South Korea Urged to Speed Up Won Stablecoin Rules as Market Hits $303B

  • —Stablecoin market cap stands at $303.1 billion, with USDT and USDC at about 85%
  • —The US has the GENIUS Act; South Korea's Digital Asset Basic Act remains stalled
  • —Dunamu CEO Oh Kyung-suk said won stablecoins must compete on cost and speed
  • —Singapore's XSGD is already used for QR payments as a non-dollar example
Why it matters: Delays in won stablecoin rules deepen South Korea's reliance on dollar assets for payments and on-chain finance.
#USDT#USDC
Source: Digital Today
More on this
Regulation · Oct 8
Korean lawmaker warns 63 trillion won has fled abroad, urges won stablecoin rules
 Regulation · Oct 8
South Korea's FSC chief vows to speed up digital asset legislation
 Regulation · 04:32
South Korea's parliament to debate digital asset law, won stablecoins and crypto tax in November