The Bank of Korea (BOK) is exploring the integration of central bank digital currency deposits with public blockchain networks. Deputy Governor Lee Jong-ryeol outlined the bank's vision during the "Blockchain Leaders Club" event on Tuesday.
"We are considering a plan to connect the Bank of Korea's deposit tokens with a public blockchain system," Lee said according to a News1 report.
Lee further noted that the tokens could potentially work alongside privately issued stablecoins within the crypto ecosystem.
On the global stage, the growth of stablecoins has reached new heights. For example, their total market value exceeded 230 billion dollars in March 2025. At the time of writing, the total stablecoin market stood at 247.483 billion dollars, representing an increase of 3.537 billion dollars over the past week.
