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South Korea's JTBC TV reported late at night on the 3rd!
The Democratic Party candidate Lee Jae-myung has been elected as the President of South Korea!
This new president is not simple—he previously stated that he would create a stablecoin pegged to the Korean won, claiming it could prevent capital from fleeing and tighten the country’s financial sovereignty!
But currently, South Korean law does not allow the issuance of local stablecoins; exchanges rely on US dollar stablecoins to support their operations.
Can he really break through legal restrictions to create a new currency after taking office? What kind of storm will this stir in South Korea's financial sector? Let’s keep watching!
