Stablecoin Regulation: South Korea Leads the Pack in a Fast-Changing Race

The race for stablecoin regulation has begun, with South Korea taking a decisive lead. The country recently passed the Digital Asset Basic Act, granting companies permission to issue stablecoins under clear guidelines while the U.S. continues to grapple with its own legislation. This move positions South Korea among the first major economies to fully legalize stablecoins.