This round of stablecoin narrative should be the absolute main line. Any project related to the stablecoin narrative will perform very well, and the project will also try to be related to the stablecoin.

The Korean project $KAIA has been very strong these days. After searching for the reason for a long time, I found that the chairman Sam Seo shared the narrative that Kaia will promote the Korean won stablecoin two days ago. "Not only will the native USDT be issued on KAIA, but @KaiaChain will also promote the issuance of KRW stablecoins." I think several key elements are needed to achieve this:

1. Strong political and business relations, support from local Korean chaebols

2. Permission from local Korean compliance

3. International cross-border use demand for Korean won foreign exchange

This matter actually has a shadow. As the official currency of South Korea, KRW has a certain stability in East Asia, but its trading volume in the global foreign exchange market is relatively small, and it is greatly affected by global economic fluctuations (such as the strength of the US dollar and geopolitical risks in the Middle East), and the exchange rate fluctuates frequently

And the second one always feels tailor-made for Kakao (that is, Kaia's parent company). . . Just this month, South Korea’s new president Lee Jae-myung took office. When I was researching just now, I saw a rumor that in the future, South Korean law will allow companies with capital exceeding 500 million won to issue stablecoins pegged to the won. I didn’t find the source of this information, but I did find that Lee Jae-myung’s campaign promise included promoting stablecoins based on the won.