CoinVoice has recently learned that according to the Korea Economic Daily, the South Korean Ministry of Economy and Finance announced that it is considering taking measures to ensure the integrity of cross-border transactions involving virtual assets such as stablecoins.

The department explained that stablecoins are primarily used for transactions within the cryptocurrency ecosystem, and stressed their potential to expand into the real economy as a method of cross-border payments and transactions.

A government official said that the regulatory work on stablecoins will start with the construction of a stablecoin issuance system pegged to the Korean won. The system will first establish a legal framework for stablecoins pegged to the Korean won, and on this basis, gradually expand it to stablecoins pegged to foreign currencies. [Original link]