BTCC
/
BTCC Square
/
Global Cryptocurrency
/
South Korea Eyes Won-Backed Stablecoin Ahead of 2025 Presidential Election
South Korea Eyes Won-Backed Stablecoin Ahead of 2025 Presidential Election
13
2
South Korea’s political landscape is pivoting toward cryptocurrency as a strategic electoral tool. Presidential front-runner Lee Jae-myung has proposed a government-backed stablecoin pegged to the Korean won, potentially reshaping the nation’s financial infrastructure by 2025.
The initiative, if implemented, WOULD mark the first state-endorsed digital currency in the country. Such a move could reduce reliance on foreign currencies and position South Korea as a leader in central bank digital currency innovation. The proposal comes amid growing global competition in the stablecoin space, where private sector offerings currently dominate.
By:
Previous
Genesis Files $3.3B Lawsuits Against DCG and Barry Silbert
Next
India’s Supreme Court Favors Regulation Over Complete Cryptocurrency Ban
