🇰🇷 Urgent: The Bank of Korea fears stablecoins increase demand for the dollar!

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💵 The dilemma of stablecoins in South Korea:

The Bank of Korea has expressed concern that local stablecoins may lead to increased demand for the US dollar. This contradicts the presidency's goals of promoting stablecoins linked to the South Korean won.

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💡 Why this concern?

* 📉 Dollar dominance: Authorities fear that the spread of dollar-backed stablecoins could undermine the central bank's control over monetary policy.

* 📈 Supporting the won: South Korea aims to promote stablecoins linked to its national currency (the won) to maintain its financial influence.

* 🌐 Global impact: This challenge reflects a global struggle between the desire for financial innovation and the maintenance of traditional monetary sovereignty.

❓Do you see major countries succeeding in enforcing local stablecoins against the dominance of dollar-backed currencies?

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