South Korean Crypto Stablecoin Push Could Backfire, BOK Warns—Here’s Why

South Korean Crypto Stablecoin Push Could Backfire, BOK Warns—Here’s Why

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure South Korea’s central bank has expressed caution over the potential consequences of issuing won-pegged crypto stablecoins, raising concerns that their adoption could inadvertently boost demand for US dollar-backed stablecoins. Bank of Korea (BOK) Governor Lee Chang-yong warned that such developments may undermine […]

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