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The Bank of Korea said it has agreed with the government to initially issue a won-denominated stablecoin through a bank-led consortium structure, with banks holding 50% plus one of the consortium’s equity, according to Digital Asset.
BOK Governor Rhee Chang-yong made the remarks today during a parliamentary audit at the Bank of Korea’s headquarters in Seoul, after People Power Party lawmaker Lim I-ja asked for his view on issuing a won stablecoin, Digital Asset reported.