South Korea’s Lee Jae-myung: A Plan for Stablecoin and Cryptocurrency ETFs

Lee Jae-myung, a leading presidential candidate in South Korea’s June 3rd election, has unveiled plans to leverage cryptocurrencies for national economic growth. His vision includes the creation of a stablecoin backed by the South Korean won, aiming to reduce reliance on US dollar-based stablecoins and safeguard billions of dollars currently leaving the country. Additionally, he proposes the legalization of spot cryptocurrency ETFs, facilitating trading of digital currencies like Bitcoin through regulated exchanges. These initiatives aim to create a more robust and transparent financial landscape in South Korea.