For the past year, KRW stablecoin discourse focused on regulatory “What” (issuers, reserves).

<p><a href="https://reports.tiger-research.com/p/krw-stablecoin-the-time-for-execution-kor" rel="nofollow"><span>🇰🇷 한국어로 읽기 →</span></a></p><div><hr></div><p>For the past year, KRW stablecoin discourse focused on regulatory “What” (issuers, reserves). The priority must now shift to technical “How”: moving beyond who initiates the market to how to sustain it operationally.</p><div><hr></div><p><a href="https://public.relate.so/p/docs/q5mzc92ul3c5lgeq/1" rel="nofollow"><span>Access the Full Report 🔍</span></a></p><div><hr></div><div><figure><a href="https://substackcdn.com/image/fetch/%24s_!AgBG!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fb5d832eb-2f39-4fb6-9897-3e2b5b4f218c_4454x1240.png" rel="nofollow"><div><picture><source><img src="https://static.fwimg.io/img/feed/a4de1bfa71d649b60ef7f5781489f7f9.jpg" alt=""></source></picture><div><div><button></button><button></button></div></div></div></a></figure></div><div><hr></div><h2><strong>From Initiation to Execution: Shifting the Focus from “Who” to “How”</strong></h2><ul><li><p>Since the KRW stablecoin was formalized as a presidential pledge in June 2025, over eight related bills have been introduced to the National Assembly, making its issuance a fait accompli.</p></li><li><p>The critical challenge is speed. While domestic discussions stalled, USD stablecoins captured over 99% of the global market. <strong>Moving beyond repetitive discourse, it is time to pivot the conversation: the priority is no longer who will initiate the market, but how to ensure its operational success.</strong></p></li></ul><div><figure><a href="https://substackcdn.com/image/fetch/%24s_!kv0X!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F7840aa41-05b4-4ea0-a4c2-5eb790da84ea_1238x704.png" rel="nofollow"><div><picture><source><img src="https://static.fwimg.io/img/feed/ee801492900cf9985b054ff669923f5b.jpg" alt=""></source></picture><div><div><button></button><button></button></div></div></div></a></figure></div><h2><strong>A Year of Discourse: Defining the Regulatory “What”</strong></h2><ul><li><p>Between July 2025 and February 2026, the National Assembly and academia convened over seven major forums. Discussions focused predominantly on issuing entities, reserve asset requirements, and oversight authority.</p></li><li><p><strong>While specific conclusions varied by event, the underlying trajectory remained consistent: “What”</strong></p></li></ul><div><figure><a href="https://substackcdn.com/image/fetch/%24s_!SWkT!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fbd82a095-e869-442c-8e83-4ecf76bc0600_2222x774.png" rel="nofollow"><div><picture><source><img src="https://static.fwimg.io/img/feed/ede818381fa67094d0cae7d5d3bdc6ab.jpg" alt=""></source></picture><div><div><button></button><button></button></div></div></div></a></figure></div><h2><strong>Beyond the Framework: What Regulations Leave Unspoken</strong></h2><ul><li><p>Discussions over the past year have remained confined to three primary pillars: issuing entities, oversight authority, and risk warnings. Crucially, the actual operational mechanics were never on the official agenda.</p></li><li><p><strong>The decision to authorize issuance is merely the starting point. Without a framework for practical execution, even the most robust regulations remain nothing more than static documentation.</strong></p></li></ul><div><figure><a href="https://substackcdn.com/image/fetch/%24s_!wtOc!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F390bf999-d3d5-4ed2-8d82-5c46f891eb51_1592x754.png" rel="nofollow"><div><picture><source><img src="https://static.fwimg.io/img/feed/3dbd8c86bb27034b5202489ca9f6bc80.jpg" alt=""></source></picture><div><div><button></button><button></button></div></div></div></a></figure></div><div><hr></div><p><a href="https://public.relate.so/p/docs/q5mzc92ul3c5lgeq/1" rel="nofollow"><span>Access the Full Report 🔍</span></a></p><div><hr></div><div><figure><a href="https://substackcdn.com/image/fetch/%24s_!AgBG!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fb5d832eb-2f39-4fb6-9897-3e2b5b4f218c_4454x1240.png" rel="nofollow"><div><picture><source><img src="https://static.fwimg.io/img/feed/a4de1bfa71d649b60ef7f5781489f7f9.jpg" alt="" title=""></source></picture><div><div><button></button><button></button></div></div></div></a></figure></div><div><hr></div><div><div><div><p>Dive deep into Asia’s Web3 market with Tiger Research. Be among the 23,000+ pioneers who receive exclusive market insights.</p></div><div><div></div><div></div></div></div></div><div><hr></div><h2><strong>Disclaimer</strong></h2><p>This report was partially funded by Kaia. It was independently produced by our researchers using credible sources. The findings, recommendations, and opinions are based on information available at publication time and may change without notice. We disclaim liability for any losses from using this report or its contents and do not warrant its accuracy or completeness. The information may differ from others’ views. This report is for informational purposes only and is not legal, business, investment, or tax advice. References to securities or digital assets are for illustration only, not investment advice or offers. 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KRW Stablecoin, The Time for Execution

过去一年，韩元稳定币的讨论主要集中在监管“内容”（发行方、储备金）上。

<p><a href="https://reports.tiger-research.com/p/krw-stablecoin-the-time-for-execution-kor" rel="nofollow"><span>🇰🇷 한국어로 읽기 →</span></a></p><div><hr></div><p>过去一年，韩元稳定币的讨论主要集中在监管“内容”（发行方、储备金）上。现在，重点必须转移到技术“方式”上：从谁来启动市场，转向如何维持市场的运营。</p><div><hr></div><p><a href="https://public.relate.so/p/docs/q5mzc92ul3c5lgeq/1" rel="nofollow"><span>查看完整报告🔍</span></a> </p><div><hr></div><div><figure><a href="https://substackcdn.com/image/fetch/%24s_!AgBG!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fb5d832eb-2f39-4fb6-9897-3e2b5b4f218c_4454x1240.png" rel="nofollow"><div><picture><source><img src="https://static.fwimg.io/img/feed/a4de1bfa71d649b60ef7f5781489f7f9.jpg" alt=""></source></picture><div><div><button></button><button></button></div></div></div></figure></div><div><hr></div><h2><strong>从启动到执行：将重点从“谁”转移到“如何”</strong></h2><ul><li><p>自 2025 年 6 月韩元稳定币被正式确立为总统承诺以来，已有超过八项相关法案提交国会，使其发行成为既成事实。</p></li><li><p>关键挑战在于速度。当国内讨论陷入僵局时，美元稳定币已占据全球市场99%以上的份额。<strong>与其重复老生常谈，不如转变讨论方向：重点不再是谁来启动市场，而是如何确保市场运营成功。</strong> </p></li></ul><div><figure><a href="https://substackcdn.com/image/fetch/%24s_!kv0X!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F7840aa41-05b4-4ea0-a4c2-5eb790da84ea_1238x704.png" rel="nofollow"><div><picture><source><img src="https://static.fwimg.io/img/feed/ee801492900cf9985b054ff669923f5b.jpg" alt=""></source></picture><div><div><button></button><button></button></div></div></div></figure></div><h2><strong>一年的讨论：界定监管的“内容”</strong></h2><ul><li><p> 2025年7月至2026年2月期间，国会和学术界召开了七次重要论坛。讨论主要集中在发行主体、储备资产要求和监管权限等方面。</p></li><li><p><strong>尽管具体结论因事件而异，但其基本走向始终如一：“什么”</strong> </p></li></ul><div><figure><a href="https://substackcdn.com/image/fetch/%24s_!SWkT!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fbd82a095-e869-442c-8e83-4ecf76bc0600_2222x774.png" rel="nofollow"><div><picture><source><img src="https://static.fwimg.io/img/feed/ede818381fa67094d0cae7d5d3bdc6ab.jpg" alt=""></source></picture><div><div><button></button><button></button></div></div></div></figure></div><h2><strong>框架之外：法规未明确规定的内容</strong></h2><ul><li><p>过去一年的讨论始终局限于三大支柱：发行机构、监管权限和风险预警。至关重要的是，实际的操作机制从未被列入正式议程。</p></li><li><p><strong>批准签发仅仅是第一步。如果没有切实可行的执行框架，即使是最完善的法规也只不过是一纸空文。</strong> </p></li></ul><div><figure><a href="https://substackcdn.com/image/fetch/%24s_!wtOc!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F390bf999-d3d5-4ed2-8d82-5c46f891eb51_1592x754.png" rel="nofollow"><div><picture><source><img src="https://static.fwimg.io/img/feed/3dbd8c86bb27034b5202489ca9f6bc80.jpg" alt=""></source></picture><div><div><button></button><button></button></div></div></div></figure></div><div><hr></div><p><a href="https://public.relate.so/p/docs/q5mzc92ul3c5lgeq/1" rel="nofollow"><span>查看完整报告🔍</span></a> </p><div><hr></div><div><figure><a href="https://substackcdn.com/image/fetch/%24s_!AgBG!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fb5d832eb-2f39-4fb6-9897-3e2b5b4f218c_4454x1240.png" rel="nofollow"><div><picture><source><img src="https://static.fwimg.io/img/feed/a4de1bfa71d649b60ef7f5781489f7f9.jpg" alt="" title=""></source></picture><div><div><button></button><button></button></div></div></div></figure></div><div><hr></div><div><div><div><p>借助 Tiger Research，深入探索亚洲 Web3 市场。成为超过 23,000 名先行者之一，获取独家市场洞察。</p></div><div><div></div><div></div></div></div></div><div><hr></div><h2><strong>免责声明</strong></h2><p>本报告部分资金由 Kaia 提供。报告由我们的研究人员使用可靠信息来源独立撰写。报告中的发现、建议和观点均基于发布时可获得的信息，并可能随时更改，恕不另行通知。对于因使用本报告或其内容而造成的任何损失，我们概不负责，且不保证其准确性或完整性。报告中的信息可能与他人的观点有所不同。本报告仅供参考，不构成法律、商业、投资或税务建议。提及证券或数字资产仅用于举例说明，不构成投资建议或要约。本材料不适用于投资者。</p><h2><strong>使用条款</strong></h2><p>Tiger Research允许合理使用其报告。“合理使用”原则允许出于公共利益目的广泛使用特定内容，前提是不得损害该内容的商业价值。如果使用符合合理使用原则，则无需事先获得许可即可使用这些报告。但是，引用Tiger Research的报告时，必须：1）明确注明“Tiger Research”为来源；2）按照品牌指南使用<a href="https://drive.google.com/drive/folders/1wDipGyey04EqFO6yZU90ZIe-jsKCDaqR" rel="nofollow">Tiger Research的标识</a>。如果需要对材料进行重新编排和发布，则需要另行协商。未经授权使用这些报告可能会导致法律诉讼。</p>

韩元稳定币，执行时机已到

原文标题：How Perplexity + Claude Replace an Entire Analyst Team on Polymarket
原文作者：@0xwhrrari
原文编译：Peggy，BlockBeats
编者按：本文介绍了一种在 Polymarket 上识别套利机会并将其系统化执行的方法：用 Perplexity 完成研究，定位数据与市场定价之间的偏差；用 Claude 搭建交...

别凭感觉下注了：AI正在Polymarket上「捡钱」

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