South Korea’s Won-Backed Stablecoin Plan Could Challenge USDT Dominance by 2025

As South Korea’s 2025 presidential election approaches, cryptocurrency has become a central political issue, with leading candidate Lee Jae-myung proposing a government-backed Korean won stablecoin. This ambitious plan could potentially disrupt the current stablecoin market dominated by USD-pegged assets like USDT and USDC, marking a significant shift in the nation’s financial infrastructure and digital currency adoption.

South Korea Eyes Won-Backed Stablecoin Ahead of 2025 Presidential Election

South Korea’s 2025 presidential election has thrust cryptocurrency into the political spotlight, with front-runner Lee Jae-myung proposing a Korean won-backed stablecoin. The move, if implemented, could reshape the nation’s financial infrastructure and reduce reliance on U.S. dollar-pegged stablecoins like USDT and USDC.

The proposed government-backed digital currency would mark a first in national crypto adoption. Currently, South Korean traders predominantly use foreign-issued stablecoins, exposing them to cross-border regulatory and liquidity risks. A sovereign stablecoin could provide greater monetary policy control while aligning with global CBDC trends.

Bybit Launches Stock Trading With USDT, Bypassing Traditional Banking

Bybit has rolled out a groundbreaking feature enabling users to trade major global stocks directly using USDT, eliminating the need for fiat conversion. The offering, part of the platform’s Gold & Forex (MT5) suite, provides access to 78 high-profile stocks as Contracts for Difference (CFDs).

Tech giants like Apple, Tesla, and Nvidia headline the available stocks, spanning sectors from finance to energy. The key innovation lies in using stablecoins rather than traditional banking channels, marking a significant convergence of crypto and equity markets.

CFD trading allows speculation on price movements without owning underlying assets, offering both long and short positions. This MOVE underscores Bybit’s push to bridge decentralized and traditional finance through crypto-native solutions.

Tron (TRX) Price Prediction: USDT Migration Fuels Rally Prospects

Tron has surpassed ethereum as the primary network for USDT transactions, signaling a seismic shift in stablecoin dynamics. The platform now hosts $75.8 billion in circulating USDT with daily transaction volume reaching $23.4 million—processing 2.4 million USDT transactions daily compared to Ethereum’s 284,000.

TRX trades at $0.27, testing resistance at $0.28 as analysts eye a potential breakout to $0.30. This momentum follows Tron’s growing dominance in stablecoin infrastructure, with institutional flows increasingly favoring its high-throughput network.

The migration of USDT activity represents more than temporary arbitrage—it reflects structural changes in crypto settlement layers. Market participants now evaluate Tron’s technical advantages against Ethereum’s ecosystem depth, creating a new axis of competition in blockchain interoperability.