Lee Jae-myung proposes a won-based stablecoin to retain domestic wealth before the June 3, 2025, presidential election. This initiative aims to curb foreign stablecoin reliance and strengthen South Korea's financial sovereignty.
The proposal emphasizes the need for a stablecoin market to prevent capital outflows and alter regulatory landscapes, marking a major shift for digital assets in South Korea.
While Lee aims to innovate, concerns arise about monetary control shifting to private entities. The success of this initiative hinges on regulatory and technological factors.
Full story here: https://coincu.com/338809-south-korea-won-stablecoin-proposal-2