THE Korean Bank Advance with plans to link your own digital tokens to the world of wider cryptography. He wishes to link a central bank deposit token to Blockchain public networks. This push could reshape the way money moves in South Korea and beyond.
Blockchain public connectivity
According to vice-government Lee Jong-ryeol, the Korean bank “plans a plan to link” its deposit tokens to the public Blockchain systems. He calls these tokens a “type of stablecoin”, supported by the Central Bank digital currency.
Lee made these remarks during the blockchain Leaders Club event on Tuesday. He sees a chance for banks, businesses and even individuals to use a state -made token on networks like Ethereum or others.
The Korea Bank plans to integrate the deposit tokens to the public #Blockchain networks.
Vice-Governor Lee Jong-ryeol described the bank’s vision during the “Blockchain Leaders Club” event on Tuesday. pic.twitter.com/z2fnksegmx
– Sachi (@sachi_gkp) May 27, 2025
STABLAGE STIPLE STIPLES are a concern
Based on the reports, the stablecoins represented around 47% of the southern Korea crypto outings in the first quarter. This is equivalent to nearly 27 billions of Won (19.1 billion USD).
Seoul merchants often use USDT and USDC because they have stable value. Lee warned that relying on foreigners stable could harm the role of on the world market.
He said it could threaten monetary sovereignty, stimulate financial instability and even help money laundering.
As of today, the market cap of cryptocurrencies stood at $3.42 trillion. Chart: TradingView
Global market for increasing shift
The stablecoins thrive on the world scene. Their whole market is worth exceeding $ 230 billion in March 2025. More than $ 247 billionIn addition to 3.537 billion dollars the previous week.
These figures show how fast the private transmitters develop. Lee noted that South Korea must act before foreign documents dominate local trade.
Total stablecoin market value. Source: DefiLlama
Cryptographic industry and political push
Major exchanges like Bithumb, Coinone and Korbit took place at the Tuesday event alongside regulators. Their presence underlines how cryptographic companies want a word to say in the rules.
Meanwhile, the head of the opposition Lee Jae-Myung promised a stablecoin to support if he wins the presidency. He maintains that he could reduce the cryptographic exit by $ 56.8 billion earned ($ 40.8 billion) and facilitate local trading.
Other legislators, such as Min byoung-Dug of the Democratic Party, claim that South Korea must “take the lead in the institutionalization of stablecoins” before the tokens woven by US took over.
The next steps for digital won
Additional tests are planned by the Korean bank this year. He will examine how to keep the tokens secure, maintain the confidentiality of users and comply with anti-flowage regulations.
If these pilots are going well, a corporate pilot could arrive by 2026.
Bloomberg star image, tradingview graphic
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