๐ฐ๐ท The Governor of the Bank of Korea has warned that issuing a stablecoin pegged to the Korean won could unintentionally boost demand for U.S. dollar-backed stablecoins instead of reducing it.
This shift could make it more difficult to control exchange rates and may weaken the role of the traditional banking system. However, the central bank is not opposed to the idea, as long as there is a proper risk management framework in place.
โโโโโโโโ
โ Follow My Channel to stay updated with the hottest market moves daily โ FOLLOW ME NOW!
๐ News โ Analysis โ Investment opportunities โ all in one place.
โ ๏ธ Information is for reference only. Always do your own research before investing.
โโโโโโโโโโโโโโโโ