Won-Backed Stablecoin Proposed by South Korean Presidential Frontrunner

South Korean presidential candidates have expressed a desire to strengthen cryptocurrency policies, with plans that include introducing a won-backed stablecoin to help position digital assets as a key driver of future economic growth and bridge digital finance with traditional markets. According to a report by The Korea Herald, Democratic Party of Korea presidential candidate Lee Jae-myung, who is currently leading in the polls, proposed the development of a won-backed stablecoin market. Lee frames this initiative as a strategic measure to curb capital outflows and strengthen the domestic digital finance ecosystem.   “We need to establish a won-backed stablecoin market to prevent The post Won-Backed Stablecoin Proposed by South Korean Presidential Frontrunner first appeared on The Shib Daily source: https://news.shib.io/2025/05/21/won-backed-stablecoin-proposed-by-south-korean-presidential-frontrunner/?utm_source=rss&utm_medium=rss&utm_campaign=won-backed-stablecoin-proposed-by-south-korean-presidential-frontrunner