South Korea
Block Media
Rep. Min Byung-deok: 'Include MBS in Stablecoin Reserve Assets' … HF President Agrees It Is 'Suitable'
- Rep. Min Byung-deok (Democratic Party) proposed allowing Korea Housing Finance Corporation (HF)-issued MBS, not just government bonds, as reserve assets for won stablecoins.
- The exchange took place on October 15 during a National Policy Committee national audit session at the Busan International Finance Center.
- HF President Kim Kyung-hwan said short-term MBS could be suitable as stablecoin reserve assets, while Min signaled plans to pursue related legislation.