#SouthKoreaCryptoPolicy South Korea is drafting regulations for stablecoins to ensure financial stability. The FSC plans to classify stablecoins as digital assets under the Virtual Asset Act by late 2025. Issuers must maintain full reserves and undergo regular audits to prevent collapses like TerraUSD. The policy aims to protect investors and maintain market trust. Stablecoins linked to foreign currencies will face additional scrutiny to avoid capital flight. Industry leaders support the move, citing clarity, but some fear it may limit stablecoin adoption. South Korea’s proactive stance aims to integrate stablecoins safely into its growing crypto ecosystem.