South Korea’s biggest party urges ‘expedited KRW stablecoin rollout’

Min Byoung-dug, a lawmaker and chairman of the Democratic Party’s Digital Asset Committee, has emphasized the necessity for South Korea to quickly adopt a KRW stablecoin. He argues this is crucial to avoid falling behind the U.S. In the evolving stablecoin landscape.

According to Min, stablecoins are positioned to become a transformative industry, on par with sectors like AI and semiconductors. Current U.S. Stablecoins dominate the market, underscoring the urgency for South Korea to institutionalize its own KRW stablecoin to enhance its economic standing.