South Korea Aims for Stablecoin Revolution with New Law Allowing Firm Issuance

South Korea’s ruling party has proposed a bill allowing domestic firms with $368,000 in equity capital to issue stablecoins, a move aimed at boosting competition within the country’s burgeoning crypto market. This legislation aligns with President Lee Jae-myung’s campaign promise to support digital assets and follows a long-standing push for regulatory clarity around stablecoin issuance.