South Korea’s central bank chief, Rhee Chang-yong, is okay with creating a stablecoin tied to the Korean currency, the won. But he is worried that it could mess with the…
Key Points:Main event: Lee Jae-myung proposes won-based stablecoin plan.Potentially reduces reliance on foreign stablecoins.Addresses significant capital outflows from South Korea.
Lee Jae-myung, South Korea’s Democratic Party leader and presidential candidate, proposed…
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,…