South Korean Lawmaker Advocates for Stablecoin Legalization to Avoid Monetary Sovereignty Risks
South Korean National Assembly member Min, a prominent figure in crypto policy discussions, has called for urgent government action to institutionalize stablecoins. Speaking at the eighth Global Business Forum in Seoul, Min framed stablecoins as inevitable financial tools for cross-border payments, trade settlements, and remittances.
The lawmaker warned that delay in developing a won-pegged stablecoin could cede monetary sovereignty to dollar-backed alternatives. "Stablecoins are no longer a question of whether we should do them or not," Min stated. "The only question left is how fast and how well we do them."
Min highlighted the rapid adoption of dollar-linked stablecoins in global commerce, describing them as a new FORM of de facto monetary standard. The remarks underscore growing regulatory recognition of stablecoins' systemic importance in digital finance.
