Macro· ★★★· neutral·

Bank of Korea: Hangang is not a stablecoin, central bank money still needed

  • —Second Hangang test expands from 7 to 9 banks and from 100,000 to 500,000 users
  • —Agora ran 30 cross-border payments in July with an average settlement time of about 80 seconds
  • —The BOK cited flexible liquidity, legal finality and financial stability as reasons for CBDC money
  • —Linking tokenized government bonds to Agora could ease foreign access to Korea's bond market
Why it matters: Korea is cementing a model where stablecoins complement rather than replace central bank money, setting the ground rules for its digital asset market.
Source: Bloomingbit
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