South Korea Explores Won Stablecoin as Bank of Korea Prioritizes Caution

The Bank of Korea (BOK) is evaluating the potential launch of a Won-backed stablecoin with a cautious but forward-looking approach to digital currencies. BOK’s Governor Rhee Chang-yong emphasized that any move toward a central bank digital currency (CBDC) or stablecoin must be grounded in financial stability and not in short-term stimulus. He also warned against […] The post South Korea Explores Won Stablecoin as Bank of Korea Prioritizes Caution appeared first on Coin Edition.