South Korea is set to revolutionize its crypto landscape with new regulations for stablecoins, aiming to promote domestic development and reduce reliance on USD-backed options. The Financial Services Commission (FSC) will enforce compliance requirements, ensuring issuers have a minimum equity reserve of 500 million KRW when issuing stablecoins within the country. This move is part of a broader shift towards local currency stability in global crypto markets. The regulations could significantly impact trading volumes by favoring KRW-backed stablecoins over USD-based options, potentially boosting liquidity and economic sovereignty while aligning with international trends.