Bank of Korea Unveils Key Insights on Won Stablecoins

The Bank of Korea (BOK) has offered a crucial analysis on won stablecoins, highlighting their potential role in revolutionizing payments while acknowledging the inherent risks. The BOK suggests a dual approach: traditional banks should lead the issuance process, while non-bank institutions handle distribution through a collaborative consortium. This strategy aims to leverage the stability and regulatory compliance of banks while leveraging the innovative reach of fintech companies. .