Stablecoins and Global Finance: South Korea Sets Key Regulatory Guidelines

South Korea’s Financial Services Commission (FSC) has outlined essential criteria for the responsible adoption of stablecoins in the global financial system. Chairman Lee Eok-won emphasized that these regulations must balance innovation with robust protection, aligning with international standards and ensuring market stability. The FSC’s guidelines were presented during budget discussions and provide a blueprint for how to manage the rapid growth of stablecoin technology, particularly within a competitive global economy.