South Korea likely to bar listed firms from investing in stablecoins

South Korean financial authorities are likely to exclude stablecoins from the list of permissible assets for corporate investment under new guidelines being prepared, The Herald Business reported. The policy aims to prevent reckless investment in the early stages of the market by excluding dollar-pegged stablecoins such as USDT and USDC. However, the report notes that even with this exclusion from the corporate guidelines, it will still be possible to buy and sell stablecoins using personal wallets or overseas exchanges, including Coinbase's over-the-counter (OTC) platform.