Korean officials call for accelerating the legalization of stablecoins: the inevitable choice for cross-border payments

【ChainNews】In a recent policy discussion in South Korea, a legislator strongly recommended that the government should collaborate with traditional financial institutions to accelerate the legal recognition and practical application of stablecoins. He specifically warned that missing this window of opportunity could lead to South Korea falling behind as the global payment landscape continues to evolve.

The core viewpoint of this legislator is quite straightforward—stablecoins have become an inevitable trend in the financial system, leaving no room for debate. He stated, “Whether or not to launch stablecoins is now a moot point. The only question now is: how quickly and in what manner we should promote them.”

He summarized the role of stablecoins into three dimensions. First, cross-border payments, directly facilitating international circulation. Second, trade settlement, making commercial transactions more efficient. Third, remittance services, making transfers for ordinary people more convenient. All these scenarios point to the same conclusion: stablecoins have become an irreversible development direction in financial innovation.