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Korea Institute of Finance: Discussions on Korean won stablecoins should prioritize use cases over issuing entities

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Deep Tide TechFlow News: On June 21, according to Bloomingbit, Choi Man-soo, a senior researcher at the Korea Institute of Finance, said that before policymakers decide the issuer for Korean won stablecoins, they should first review the specific use plans and their feasibility. He cited Hong Kong as a reference case, noting that the Hong Kong Monetary Authority has granted stablecoin issuance licenses to HSBC Hong Kong and AnchorPoint Financial (a joint venture between Standard Chartered Hong Kong, Animoca Brands, and Hong Kong Telecom), covering scenarios such as cross-border payments, domestic payments, tokenized asset trading, and supply chain finance, and advancing in coordination with digital financial strategies such as CBDC and tokenized deposits. Choi Man-soo suggested that discussions on Korean won stablecoins should begin with “which problems in the domestic financial and payment systems can be solved,” and that specific applications for payments, asset tokenization, and trade finance should be designed in parallel, so that the regulatory framework can truly be implemented effectively.
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