đ°đ· SOUTH KOREA GOES ALL-IN ON STABLECOINS! đ„
đ§š New National Push: Korean Won-Based Stablecoins
âïž Stablecoin law proposed by Min Byeong-deok
âïž Lifts current ban on issuing KRW-pegged stablecoins
âïž Goal: Fight capital outflows & boost digital sovereignty
âïž Private sector-led (KakaoPay already filing patents)
đŹ "Won-based stablecoins can cut FX costs, support exports, and reduce reliance on the dollar." â Lawmaker Min
đš But Critics Are Sounding the Alarm:
> â"KRW isnât globally demanded like USD â it could backfire." â Brian Paik, CEO of SmashFi
â"It might become a proxy-CBDC and risk financial censorship."
â"No one is buying Korean won bonds. Whereâs the demand?" â @bonghyeon_bro
đĄ Suggested alternative?
âĄïž Build a national Bitcoin reserve like El Salvador.
> "Bitcoin is neutral, liquid, and censorship-resistant."
đŻ Whatâs Really at Stake?
â
If successful â Korea could lead the Web3 stablecoin economy
â If not â Waste of capital, risk of centralization, global irrelevance
#MarketRebound đą
South Korea wants to tokenize the won.
Will it spark a KRW crypto revolution â or collapse under global pressure?
#StablecoinNews #SouthKorea #KRWStablecoin #DigitalAssets #PresidentLee #Web3Asia #BinanceSquare #CryptoLaw #KoreanCrypto #CBDCvsStablecoin #BitcoinReserve
#GlobalPayments