South Korea weighs liquidity rules for won stablecoins
- —JPYC hit 37.6 won on Upbit versus a reference near 8.8 won
- —PYUSD reached 1,760 won on Upbit despite its dollar peg
- —EURC rose to 7,860 won on Bithumb, over 400% above its prior close
- —Proposals include initial supply, market makers and unusual-trading controls
Why it matters: The rules would set a liquidity standard for won stablecoins and could curb price dislocations on Korean exchanges.
Source: crypto.news