CoinWorld News reports that on July 18, South Korean lawmaker Min Byeong-deok stated that stablecoins are becoming a key tool for driving the practical use of digital assets and innovating payment systems. He pointed out that the trading volume of stablecoins in the United States and South America has surpassed that of Visa cards, changing the global financial payment landscape. He is actively promoting the 'Three Digital Asset Laws,' including the 'Digital Asset Basic Law,' 'Securities Token Offering (STO) Law,' and 'Digital Asset ETF Law,' which are expected to pass within this year. Min Byeong-deok emphasized that institutionalization should take precedence over regulation, and it is essential to ensure the autonomy and convenience of innovative entities, providing a stable environment for young entrepreneurs, helping South Korea transition from a 'follower' nation to a 'leader' nation, and gaining a competitive edge in the field of digital financial innovation. (Source: TokenPost)