According to a report by Korean media Daum, the Governor of the Bank of Korea, Lee Chang-yong, stated at a press conference in Seoul on Wednesday that "we do not oppose the issuance of a Korean won stablecoin, but a Korean won stablecoin may make it easier for them to be exchanged for US dollar stablecoins, which in turn may increase the demand for US dollar stablecoins, making it difficult for us to manage foreign exchange."