Bank of Korea Governor Open to Won‑Stablecoin, Warns of FX Risks

Bank of Korea Governor Open to Won‑Stablecoin, Warns of FX Risks

The governor of the Bank of Korea, Rhee Chang‑yong, has publicly indicated that while he is not opposed to a won‑pegged stablecoin, he remains cautious of potential foreign-exchange volatility. At a Reuters‑covered press event on Wednesday, Rhee cautioned that such a token “could make it easier to swap them for dollar stablecoins rather than reducing the use of dollar stablecoins. That in turn could increase demand for dollar stablecoins and com...

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