South Korea is concerned that the Won-pegged stablecoin will increase the demand for USD.

Central Bank Governor Lee Chang-yong warned that the issuance of a won-pegged stablecoin could lead to an increase in demand for USD stablecoins, rather than a decrease. He believes this complicates the central bank's foreign exchange management.

This warning contradicts the direction of the new President Lee Jae Myung, who supports the issuance of a won stablecoin to limit the outflow of capital. However, Mr. Lee asserts that the central bank does not completely oppose it, as long as there are appropriate risk control measures.

NEO3.52%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)