Bank of Korea Governor Open to Won‑Stablecoin, Warns of FX Risks

The governor of the Bank of Korea, Rhee Chang‑yong, has publicly indicated that while he is not opposed to a won‑pegged stablecoin, he remains cautious of potential foreign-exchange volatility. At a Reuters‑covered press event on Wednesday, Rhee cautioned that such a token “could make it easier to swap them for dollar stablecoins rather than reduc...