BTCC
/
BTCC Square
/
Financemagnates
/
South Korea Hits Pause on Digital Won – Doubles Down on Stablecoin Dominance
South Korea Hits Pause on Digital Won – Doubles Down on Stablecoin Dominance
14
2
Seoul slams brakes on CBDC pilot as private stablecoins steal the spotlight. Could this be the death knell for government-issued digital currencies?
Behind the policy shift: Regulators scramble to keep pace with a $150B stablecoin market that's eating their lunch. The Bank of Korea insists this is just a 'strategic recalibration' – crypto traders call it surrender.
Finance minister's office quietly greenlights three new KRW-pegged stablecoins while publicly wringing hands about 'consumer protection'. Classic bureaucratic two-step.
Last paragraph sting: Watch how fast politicians pivot from 'dangerous speculation' to 'innovation partnership' when they realize they can't beat the stablecoin lobby's checkbook.
By:
