According to Cryptopolitan on Dec. 20, the lawmaker warned Korea risks lagging as global payment standards evolve, calling stablecoins (fiat-pegged crypto tokens) essential for cross-border payments, trade settlement, and remittances.
Cryptopolitan reported on Dec. 20 that a South Korean lawmaker urged the government to work with traditional financial institutions to accelerate stablecoin (fiat-pegged crypto tokens) legalization and adoption. He warned Korea could fall behind as global payment standards evolve, calling them inevitable for cross-border payments, trade settlement, and remittances.