SEOUL/HONG KONG -- South Korea's new government under President Lee Jae Myung is eager to issue won-backed stablecoins, digital tokens pegged to traditional currencies, hoping to nurture the country's digital asset market and give it a prominent place globally.
Bank of Korea Gov. Rhee Chang-yong and finance experts have expressed concern over the push by Lee Jae Myung's administration to issue won-pegged stablecoins. (Nikkei montage/Source photos by Akira Kodaka)
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