Stablecoin Law Stalls as Tether Sees Korea Export Opportunity in Won-Based Coins

At the ‘Global Stablecoin Trends and Opportunities for Korea’s Digital Economy’ seminar held at the National Assembly Members’ Office Building in Seoul on May 12, 2026, global companies called for Korea to foster and legislate won-based stablecoins. As the Digital Asset Basic Act remains stalled in the National Assembly, People Power Party lawmaker Kim Sang-hoon said he would push the submitted bills quickly. Democratic Party lawmaker Min Byung-deok said dollar-based stablecoins are becoming financial infrastructure that expands the dollar’s influence in digital spaces. Giles Dixon, Tether’s global head of regulatory and licensing, cited demand for Korean K-pop, cosmetics and technology, saying stablecoins could help spread Korean goods and cultural content globally and connect investment with payments. Source: hankyung.com.