According to reports from Wu, South Korea's ruling party and opposition party submitted a stablecoin regulatory bill on Monday, with disagreements over whether to prohibit interest payments. Democratic Party member Ahn Doo-jae proposed banning interest payments, requiring 100% reserve backing and that issuers hold at least 5 billion won in capital. Ruling party People Power Party member Kim Eun-hye did not mention interest restrictions and emphasized promoting innovation and information disclosure. Both proposals grant regulatory authority to the Bank of Korea.