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South Korea’s Central Bank Warms to Private Stablecoins—Is the Won on Borrowed Time?
South Korea’s Central Bank Warms to Private Stablecoins—Is the Won on Borrowed Time?
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In a move that could rattle traditional finance, the Bank of Korea is reportedly eyeing privately-issued stablecoins for integration into its monetary system. No more ’stablecoins bad’ rhetoric—just cold, hard exploration.
The shift suggests regulators are finally acknowledging what crypto natives knew years ago: the private sector innovates faster than bureaucrats can regulate. Will this spark a race to digitize the won? Or just another ’strategic review’ that goes nowhere?
Either way, Wall Street’s legacy payment rails just got another competitor they can’t lobby away. Tick-tock.
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