South Korea’s presidential race heats up over stablecoin regulation debate

12-5-2025 – South Korea’s presidential candidates have locked horns over the contentious issue of stablecoin regulation, thrusting cryptocurrency into the political spotlight. Lee Jae-myung, the standard-bearer of the opposition Democratic Party, ignited the debate on 8 May by championing the urgent creation of a Korean won-backed stablecoin market. He warned that failure to act swiftly [. source: https://www.cointrackdaily.com/south-koreas-presidential-race-heats-up-over-stablecoin-regulation-debate/