Odaily Planet Daily News According to the Korea Economic Daily, Bank of Korea Governor Lee Chang-yong expressed a cautious attitude towards the launch of the Korean won-backed stablecoin. Lee pointed out that while he does not oppose the Korean won stablecoin, factors such as foreign exchange market stability and changes in the banking structure need to be considered. He is concerned that the Korean won stablecoin may increase the demand for US dollar stablecoins, complicating foreign exchange management. Lee also emphasized that the active use of stablecoins could lead to the payment and settlement functions shifting from the banking sector to the non-banking sector, impacting the revenue structure and business model of banks. The Bank of Korea has been conducting experiments and research on central bank digital currency (CBDC), but the formal issuance of stablecoins requires coordination with financial regulatory authorities. Lee stated that he will coordinate policies with the Ministry of Finance, Financial Services Commission, and other departments to comprehensively consider the positive functions and potential risks of stablecoins.