Korean Won Stablecoin Special Law Launched, Pioneer Korea's Revelation - <@ethereum> Becomes the First Choice? by <@FourPillarsFP> Currently, South Korea is the most proactive in promoting stablecoins in the Asian region. President Lee Jae-myung began implementing a series of crypto-friendly policies, and on July 30, the Korean Central Bank officially launched a new virtual asset department. ♦️ "Korea Should Take More Actions and Maintain an Open Attitude" The crypto report published by the White House on July 23 commented on the Korean market: Korea currently lacks a basic understanding and preparation for the blockchain industry, with insufficient practical application scenarios. "Policy support and a clear regulatory environment" are key. ♦️ "The Korean Won Stablecoin Should Not Be Viewed as an End in Itself, But as a Means to an End." Beyond regulation, finding application scenarios is crucial to the success of the Korean Won stablecoin, with two main directions: 🔹 Tokenization of Korean Government Bonds 🔹 Securities Tokenization: Unlisted Stocks, Private Funds ♦️ <@0xryankim>: Korean Won Stablecoin Will Enter a Rapid Growth Period "Democratic system, active retail investors, advanced technological infrastructure, and global cultural soft power" are advantages that can expand the stablecoin usage through cultural influence. ♦️ Core Value for Other Countries: Demonstration Effect Many countries in the Asian region are export-oriented, with high similarities in finance, international trade, and industrial characteristics. Korea's impact and response to stablecoins will become an important demonstration for other countries. ♦️ Native Issuing Public Chain Choice: <@ethereum> Becomes the First Choice? The three most discussed public chains are <@KaiaChain>, <@avax>, and <@ethereum>, among which <@ethereum> has become the market-recognized institutional first choice. Policy details and issuing public chain detailed introduction 👇

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