hanquoc

The whole crypto world is scratching its head over stablecoins, and BOK has sided with the banking camp. The latest move from the Bank of Korea is not just a signal—it’s a confirmation: stablecoin won will be issued by commercial banks. Alongside that are token deposit experiments at KB, Shinhan, and Woori—focused on wholesale and cross-border payments.

So what does this mean? First, they want to control systemic risk and avoid a repeat of the Terra incident. Second, they’re paving the way for institutional money to flow into DeFi and Web3 through a bank intermediary layer. The debate is still ongoing: fintech wants the door opened, while BOK wants it tightened. But once the central bank has locked in its direction, regulatory uncertainty is set to ease—serving as a positive catalyst for the market.

Personal take: don’t rush into FOMO. Bank-led stablecoins are a long-term story. The testing plan will take many months, and a complete regulatory framework is still far off. There are opportunities, but risks from policy and regional competition remain. DYOR and manage your capital tightly.

#Stablecoin #HanQuoc #PhapLy #Blockchain #Crypto

South Korean Digital Bank Integrates Solana Stablecoin for International Remittances

- A major digital bank in South Korea with 15 million users is testing the use of stablecoin on the Solana blockchain.
- The aim is to execute international remittance transactions more efficiently.
- This Proof of Concept (PoC) project ensures that customer relationships remain within the managed app.
- However, details on the official rollout are still under wraps.
#BinanceSquare #CryptoNews #Solana #Stablecoin #Hanquoc Web3

$sol

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Source: CryptoSlate