Stablecoin Fear Spreads: South Korea’s Central Bank Warns of Depeg Threat, Urges Bank Safeguards

The Bank of Korea has warned of depegging threats for won-denominated stablecoins, questioning if private issuers can ensure trust and pointing to past stablecoin failures. source: https://cryptonews.com/news/stablecoin-fear-spreads-south-koreas-central-bank-warns-of-depeg-threat-urges-bank-safeguards/