🇰🇷 In South Korea, there are calls to urgently institutionalize stablecoins, otherwise the country risks losing control over the payment system.
➤ Dollar stablecoins are already used in the real economy, including for paying foreign workers' salaries.
➤ Businesses are starting to use them for international settlements, regardless of the state's position.
➤ National stablecoins remain outside the financial infrastructure, while business and payments shift towards dollar stablecoins.
➤ Stablecoins are faster and cheaper than traditional cross-border payments, so their widespread adoption in the financial system is almost inevitable.
➤ A "Digital Asset Basic Act" bill is already being prepared in parliament. Authorities view stablecoins not only as protection against dollarization but also as a growth strategy focusing on small businesses and cultural payments.$USDC
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