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

過去一年，韓元穩定幣的討論主要集中在監管“內容”（發行方、儲備金）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>過去一年，韓元穩定幣的討論主要集中在監管“內容”（發行方、儲備金）上。現在，重點必須轉移到技術“方式”上：從誰來啟動市場，轉向如何維持市場的運營。</p><div><hr></div><p><a href="https://public.relate.so/p/docs/q5mzc92ul3c5lgeq/1" rel="nofollow"><span>查看完整報告🔍</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>從啟動到執行：將重點從“誰”轉移到“如何”</strong></h2><ul><li><p>自 2025 年 6 月韓元穩定幣被正式確立為總統承諾以來，已有超過八項相關法案提交國會，使其發行成為既成事實。</p></li><li><p>關鍵挑戰在於速度。當國內討論陷入僵局時，美元穩定幣已佔據全球市場99%以上的份額。<strong>與其重複老生常談，不如轉變討論方向：重點不再是誰來啟動市場，而是如何確保市場運營成功。</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>一年的討論：界定監管的“內容”</strong></h2><ul><li><p> 2025年7月至2026年2月期間，國會和學術界召開了七次重要論壇。討論主要集中在發行主體、儲備資產要求和監管權限等方面。</p></li><li><p><strong>儘管具體結論因事件而異，但其基本走向始終如一：“什麼”</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：法規未明確規定的內容</strong></h2><ul><li><p>過去一年的討論始終侷限於三大支柱：發行機構、監管權限和風險預警。至關重要的是，實際的操作機制從未被列入正式議程。</p></li><li><p><strong>批准簽發僅僅是第一步。如果沒有切實可行的執行框架，即使是最完善的法規也只不過是一紙空文。</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>查看完整報告🔍</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>藉助 Tiger Research，深入探索亞洲 Web3 市場。成為超過 23,000 名先行者之一，獲取獨家市場洞察。</p></div><div><div></div><div></div></div></div></div><div><hr></div><h2><strong>免責聲明</strong></h2><p>本報告部分資金由 Kaia 提供。報告由我們的研究人員使用可靠信息來源獨立撰寫。報告中的發現、建議和觀點均基於發佈時可獲得的信息，並可能隨時更改，恕不另行通知。對於因使用本報告或其內容而造成的任何損失，我們概不負責，且不保證其準確性或完整性。報告中的信息可能與他人的觀點有所不同。本報告僅供參考，不構成法律、商業、投資或稅務建議。提及證券或數字資產僅用於舉例說明，不構成投資建議或要約。本材料不適用於投資者。</p><h2><strong>使用條款</strong></h2><p>Tiger Research允許合理使用其報告。“合理使用”原則允許出於公共利益目的廣泛使用特定內容，前提是不得損害該內容的商業價值。如果使用符合合理使用原則，則無需事先獲得許可即可使用這些報告。但是，引用Tiger Research的報告時，必須：1）明確註明“Tiger Research”為來源；2）按照品牌指南使用<a href="https://drive.google.com/drive/folders/1wDipGyey04EqFO6yZU90ZIe-jsKCDaqR" rel="nofollow">Tiger Research的標識</a>。如果需要對材料進行重新編排和發佈，則需要另行協商。未經授權使用這些報告可能會導致法律訴訟。</p>

韓元穩定幣，執行時機已到

原文標題：How Perplexity + Claude Replace an Entire Analyst Team on Polymarket
原文作者：@0xwhrrari
原文編譯：Peggy，BlockBeats
編者按：本文介紹了一種在 Polymarket 上識別套利機會並將其系統化執行的方法：用 Perplexity 完成研究，定位數據與市場定價之間的偏差；用 Claude 搭建交...

別憑感覺下注了：AI正在Polymarket上「撿錢」

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