South Korea’s Democratic Party leader Lee Jae-myung proposed creating a stablecoin tied to the Korean won to prevent capital outflows and strengthen national financial sovereignty.
Speaking during a recent policy discussion, Lee argued that a won-based stablecoin would allow South Korea to retain wealth domestically while reducing reliance on foreign-issued digital assets like USDt (USDT) and USDC (USDC), data-ct-non-breakable=”null” href=”https://www.koreaherald.com/article/10491538″ title=”null”>according to The Korea Herald.
Currently, South Korean law prohibits the issuance of domestic stablecoins, forcing local exchanges to rely on US…

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