Koreans are going crazy! The president is taking the lead in gambling big, and banking giants are banding together, all for taking a huge bite of this juicy stablecoin market!
Brothers, there's really a lot of noise coming from Korea lately! It's making me a bit restless! Do you remember the new president Lee Jae-myung? He hasn't officially taken office yet, but during his campaign, he declared: we must establish a 'Korean won stablecoin'! Why? Simply put, he's afraid that money will flow out, and he wants to use this move to lock wealth domestically and also boost Korea's digital finance to compete with global giants!
Goodness, when this was said, the Korean cryptocurrency circle exploded! It's not just a small skirmish; they're really putting their money where their mouth is! Let me count for you:
The eight major banks are scheming together: Korea's most formidable eight commercial banks, like KB, Shinhan, and Woori... these normally serious big brothers are now restless! It's said that they are secretly working on a 'Korean Won Stablecoin Alliance Project', meaning they're pooling money and efforts together to create a unified and reliable Korean won stablecoin! This kind of movement is quite rare in the traditional financial sector, brothers!
Tech giants & Web3 newcomers are on the move: just banking isn't enough! Think about it, giants like Samsung, national-level applications like Kakao, and a bunch of rising local Web3 companies, which one isn't a sharp-eyed 'shark'? Smelling the aroma of stablecoins, they all started to layout! Some might want to issue their own coins, and others might be figuring out how to integrate application scenarios... In any case, there's one goal: grab the meat and secure positions! The Asian stablecoin battle, Korea is set to be the vanguard!
The government is also stepping on the gas! Over at the National Assembly, (Digital Asset Basic Law)
They're currently in intensive review; the most crucial part of this is to give private companies the green light to issue Korean won stablecoins and set the rules! The financial regulatory authority is also not idle; they're quickly learning and building according to international standards. This momentum clearly shows that they want to clear obstacles for the market and roll out the red carpet!
So, brothers, the key point is coming! Circle it, it's going to be tested!
From the second half of 2025 to the first half of 2026, during this short one-year window, Korea's stablecoin market is likely to witness an explosive growth like 'raising high buildings from the ground'! If you miss this wave, you'll regret it!
Want to know which of the eight major banks is taking the lead? What big moves are giants like Samsung and Kakao holding back? Which dark horse projects might soar? More importantly—who should we ambush to reap the biggest dividends? Hit that follow button! In the next issue, we'll exclusively dig deep into the full lineup and killer techniques of Korea's stablecoin 'dream team'! Who will be the 'biological father' of the Korean version of USDT? The answer will be revealed soon! Don't fall behind; let's chat in the comments about who you think has the best shot!
