Bank of Korea Explores Public Blockchain for Deposit Tokens
- The Bank of Korea is considering issuing deposit tokens on a public blockchain.
- $19.5 billion in stablecoins left South Korea in Q1 2025.
- The initiative aims to coexist with private-sector stablecoins.
- Concerns exist over monetary sovereignty and financial stability risks.
- Democratic Party candidate Lee Jae-myung proposed a won-backed stablecoin.
The Bank of Korea is exploring the issuance of deposit tokens on a public blockchain to operate alongside private stablecoins, amid concerns about $19.5 billion in stablecoin outflows from South Korea in early 2025.
Source (2.6)https://decrypt.co/322233/bank-of-korea-stablecoins-private-sector?rand=52368
