South Korea
Block Media
Min Byung-deok: "Boldly test won-denominated stablecoins in the regulatory sandbox"
- Rep. Min Byung-deok (Democratic Party of Korea) called on financial authorities to decisively test won stablecoin issuance and overseas circulation in the regulatory sandbox.
- He cited the news that USDC, the US dollar stablecoin, has been added to Samsung Wallet, enabling dollar stablecoin transfers through the app.
- Min questioned why no clear path yet exists for Korean firms to issue won-denominated stablecoins and distribute them to users abroad, and pressed regulators to act.