Stablecoin Fear Spreads: South Korea’s Central Bank Warns of Depeg Threat, Urges Bank Safeguards
South Korea’s central financial institution has issued a stark warning over the rising dangers of won-pegged stablecoins, cautioning that personal issuers might threaten financial stability if safeguards should not established. The Bank of Korea (BOK) stated in a new report titled “Currency within the Digital Age: Harmony of Innovation and Trust” that the fast growth…
