So, apparently, stablecoins are the new “it” thing, and they need a proper dress code—sorry, I mean regulatory framework. Who knew? 🤷♀️
According to a fancy new report from Hashed Open Research and Four Pillars (because obviously, they have four pillars and not just one), a stablecoin tied to the Korean won could catapult South Korea into the global stablecoin race. Move over, other countries! 🇰🇷💪
This report, which dropped on March 24, claims that launching a won-based stablecoin might just make digital transactions as easy as ordering a coffee—if only they could figure out how to make that coffee stable too! ☕💻
It seems that introducing a KRW stablecoin could help fix those pesky structural inefficiencies in the Korean crypto market. You know, the ones that keep it from being as fabulous as it could be. Plus, it could lay the groundwork for all those fintech industries we keep hearing about but never quite understand. 🏦✨
But hold your horses, because while we’re all for won-pegged stablecoins, the report throws a bit of shade at the dollar-based stablecoins like Tether (USDT) and USD Coin (USDC). Apparently, they’re causing some serious capital outflows. Yikes! 😱 Who knew dollars could be so dramatic?
Hashed Open Research is waving a big red flag, saying we need a dedicated regulatory framework for these assets. They’re like the Swiss Army knives of finance—part payment tool, part investment asset, and all-around confusing! 🔧💰
They even suggest that both banks and non-banks should get in on the stablecoin action, but only if they play by the rules. And let’s not forget, if foreign-issued KRW stablecoins want to crash the party, they better be ready to follow the local dress code! 🎉📜
Read More
- Solo Leveling Season 2: Check Out The Release Date, Streaming Details, Expected Plot And More
- Paris Jackson Gets Candid About Her Skincare Journey; Posts a Video Showing Her Process
- Will Kim Cattrall Not Return For And Just Like That Season 3? Here’s What Actress Says
- ‘She Is So Beloved’: Hoda Kotb’s Exit From Today Show Left Her Colleagues Surprised, Source Reveals
- Days Of Our Lives Spoilers: Xander’s Mother Arrives To Reveal a Secret That Threatens Theresa’s Plans
- Here’s Your First Look at All of Marvel’s Upcoming Animated Series and WHAT IF…? Season Three
- MUFASA: THE LION KING Trailer Tells the Tale of Mufasa and Scar as Brothers
- Hailey Bieber Shares FIRST Post After Welcoming Son Jack Blues With Husband Justin Bieber; Take A Look
- Blue Lock Season 2 Trailer Breakdown: Release Date, What to Expect & More
- Death Returns in ‘Final Destination: Bloodlines’
2025-03-24 11:02