South Korea Welcomes New President Lee Jae-myung with Pledges for Stablecoins and Cryptocurrency ETFs

On the 4th, Lee Jae-myung of the Democratic Party of Korea was inaugurated as the new President. During his election campaign, he had advocated for proactive policies on stablecoins and cryptocurrencies. Initially, Lee expressed his desire to introduce stablecoins pegged to the South Korean Won. This would enable cryptocurrency users to conduct transactions on blockchain networks without relying on USD-pegged stablecoins like USDT or USDC, thereby preventing the outflow of domestic capital. Stablecoins are favored in cryptocurrency trading due to their price stability...