Seoul is abuzz with anticipation as the Democratic Party of Korea (DPK) gears up for a crucial discussion on South Korean stablecoin policy, set to take place on May 21st. This event signifies a major step in shaping the nation’s approach to digital assets. DPK’s digital asset committee is at the helm of this pivotal initiative, aiming to address concerns about rising USD-pegged stablecoins and exploring potential solutions for their impact. The discussion comes amidst growing interest in stablecoins within South Korea’s digital economy. Notably, the rapid adoption of US dollar-based stablecoins has raised concerns regarding their influence on the local financial ecosystem and the Korean Won (KRW). DPK aims to leverage this opportunity to steer the future of digital assets, ensuring alignment with national economic interests and stability.