A South Korean lawmaker urges the government to accelerate the legalization and promotion of stablecoins

PANews December 20 News, according to Cryptopolitan, a South Korean lawmaker has urged the Korean government to collaborate with traditional financial institutions to accelerate the legalization and promotion of stablecoins. The lawmaker also warned that if South Korea delays, it may fall behind as global payment standards evolve. The lawmaker pointed out that stablecoins have become an irreversible trend in South Korea’s financial system. “Stablecoins are no longer a question of whether they should be launched; now the only question is how quickly and effectively we should launch them.” He described stablecoins as an inevitable tool for cross-border payments, trade settlement, and remittances.