South Korea’s Biggest Banks Join Forces on Won-Backed Stablecoin

A group of South Korea’s top commercial banks is taking a major step toward launching a stablecoin tied to the Korean won. A consortium including KB Kookmin, Shinhan, Woori, Nonghyup, Industrial Bank of Korea, Suhyup, Citi Korea, and Standard Chartered Korea is leading the plan. Their goal is to bring a bank-issued digital won to. source: https://99bitcoins.com/news/south-korea-stablecoin-plan-backed-by-major-banks/