Ethereum Preferred for Korean Won Stablecoins: Pofelus Report

Global cryptocurrency research firm Pofelus argues that Korean Won (KRW) stablecoins should primarily launch on Ethereum. Their recent report highlights Ethereum's "overwhelming liquidity, a proven system, network effects, high security, and superior decentralization." While acknowledging potential for native issuance on other networks, Pofelus emphasizes that initial KRW stablecoin support should "invariably start with the Ethereum network." This recommendation likely stems from Ethereum's dominant position in the DeFi space, ensuring greater accessibility and integration for KRW stablecoins. Choosing Ethereum reduces the risk of fragmentation and enhances overall market efficiency for these digital assets. The report suggests a strategic approach to the development of KRW-backed stablecoins, leveraging Ethereum's robust infrastructure. ```