#won-stablecoin

➤ South Korean telecom giant KT is investing 18 trillion won over three years, with a significant portion dedicated to AI infrastructure and network upgrades. ➤ A key initiative is the development of a 'Token Factory' to support token creation and a won-based stablecoin service, leveraging partnerships with K Bank and BC Card. ➤ This move aligns with South Korea's broader push into blockchain payments and stablecoin infrastructure ahead of new regulations.

➤ The head of Korbit Research emphasizes that asset tokenization and on-chain finance are irreversible trends, urging South Korea to accelerate its development of won stablecoins to avoid falling behind the US. ➤ The article highlights the increasing influence of macroeconomic factors on Bitcoin prices post-ETF approval and the US's strategic push for stablecoins to maintain dollar hegemony. ➤ Concerns are raised about South Korea's regulatory hurdles hindering domestic capital markets, while the US, with institutional backing, is poised to lead the tokenized securities era.

➤ First Digital CEO Vincent Chok believes AI payments will drive demand for stablecoins, positioning FDUSD as a key tool in this emerging economy. ➤ He advocates for a 'digital won' stablecoin to enhance global access to Korean assets and integrate the won into the global digital economy. ➤ The company aims for a Nasdaq IPO and expansion of its AI-based financial infrastructure platform, Finance District, while highlighting the need for clear digital asset regulation in Korea.

➤ South Korean political parties are prioritizing the swift passage of the Digital Asset Basic Act and the development of won-denominated stablecoins. ➤ Experts suggest a won stablecoin could significantly boost the South Korean economy and its cultural exports by connecting them with global capital. ➤ The article advocates for a regulatory approach similar to the UK's, focusing on risk-based frameworks rather than a one-size-fits-all EU model.

➤ South Korea is urged to fast-track policy for a won-based stablecoin to remain competitive globally, as stablecoins are becoming central to financial infrastructure. ➤ The article highlights the potential for Korea to leverage its active virtual asset market, prepared institutions, and evolving regulations to gain a competitive edge. ➤ Failure to act swiftly risks disadvantaging Korean financial institutions in the rapidly advancing global digital asset and tokenization landscape.