the Korea Bank It applies with plans to connect its digital codes with the wider encryption world. She wants to connect a bank deposit code to a bank to Blockchain public networks. This batch can reshape how the money moves in and outside Korea.
General Blockchain connection
According to the governor’s deputy, Lee Jong-Ariol Blockchain systems. These symbols are called “type of stablecoin”, with the support of the central bank’s digital framework.
I made these notes at the Blockchain Leaders Club event on Tuesday. He sees an opportunity for banks, companies and even individuals to use a code issued by the country on networks such as Ethereum or others.
Korea Bank plans to integrate deposit codes on public places #Blockchain Networks.
Deputy Governor Lee Jong Ryol explained the bank’s vision at the “Blockchain Leaders Club” event on Tuesday. pic.twitter.com/z2fnksegmx
– Saachi (saachi_gkp) May 27, 2025
Stablecoin flows out of anxiety
Based on reports, Stablecoins accounted for about 47 % of the outfits in South Korea in the first quarter. This equals about 27 trillion Won ($ 19.1 billion).
Traders are often used in USDT and USDC because they have fixed values. Warning me not to rely on foreigners Stablecoins It can hurt the role of winning in the global market.
He said he could threaten cash sovereignty, stimulate financial instability, and even help money launder.
As of today, the market cap of cryptocurrencies stood at $3.42 trillion. Chart: TradingView
The rise in the global stablecoin market
Steplkwins flourish on the global scene. The entire market value exceeded $ 230 billion in March 2025. The total market value is Stablecoin as of writing this report More than 247 billion dollarsAn increase of $ 3.537 billion in the previous week.
These numbers show the growth of private exporters. He pointed out that South Korea should act before foreign currencies dominate local trading.
Total stablecoin market value. Source: DefiLlama
Political pensation and payment industry
The main exchanges like Bithumb, Coinone and Korbit were at the Tuesday event alongside the organizers. Their presence confirms how encryption companies want an opinion on the rules.
Meanwhile, opposition leader Lee Jay Meong promised a supported pretext if he won the presidency. He argues that the encryption flow can reduce 56.8 trillion Won ($ 40.8 billion) and make local trading easier.
Other lawmakers, such as Min Pyong Duj, of the Democratic Party, say that South Korea should “take the initiative to give the institutional character to additions” before the distinctive symbols of the United States take over.
The following steps for digital victory
Additional tests are planned by Korea Bank this year. He will look at how to maintain the safety of symbols, maintain the privacy of users and comply with anti -money laundering systems.
If these pilots go well, the business pilot may reach the year 2026. This means a major shift in how the money works in South Korea, and other countries may lead to their example.
Distinctive image from Bloomberg, tradingView graph
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