🇰🇷 LATEST: South Korea Moves Toward Won-Based Stablecoin with Major Bank Alliance
Eight of South Korea’s top banks have partnered with the Open Blockchain, DID Association, and the Financial Settlement Institute to form a joint venture aimed at launching a won-pegged stablecoin.
This collaboration signals a serious push toward regulated digital currency adoption in South Korea, combining traditional finance with blockchain innovation.
💭 Will this pave the way for a CBDC, or strengthen private-sector stablecoin dominance in the region?