Won Stablecoin Urged as Global Leaders Warn of W160tn Crypto Outflow

Global leaders gathered at the National Assembly called for the introduction of a won-denominated stablecoin, citing last year’s W160 trillion outflow of virtual assets to overseas exchanges. They said a won-based payment instrument is urgently needed to prevent dollar-backed stablecoins from encroaching on the domestic market. The discussion comes as an era approaches in which AI agents make payments automatically. Against that backdrop, securities firms were told they must internalize custody and settlement infrastructure. Concerns were also raised about uniform regulation modeled on the EU’s MiCA framework. Source: mk.co.kr