The update says South Korea is fast-tracking a Korean won stablecoin as large flows into USDT and USDC highlight rising demand for fiat-backed digital assets.
South Korea is moving quickly on plans for a Korean won stablecoin, according to the update provided. The move follows $115 billion flowing into USDT and USDC in 2025, a sign of strong market use of fiat-backed crypto tokens. Stablecoins are commonly used for trading, payments, and moving capital across crypto markets, and a local-currency version could support onshore digital asset activity while reducing reliance on U.S. dollar-linked tokens.