Korea Exchange chair calls for progress on stablecoin adoption

Jeong Eun-bo, Chairman of the Korea Exchange, stated today that discussions on introducing stablecoins must progress to prevent South Korea from falling behind the global trend in decentralized finance, adding that he hopes to see various transactions using stablecoins introduced into the nation's capital market. According to the Maeil Business Newspaper, Jeong emphasized that it would be difficult to guarantee the capital market's long-term survival if the exchange fails to establish itself as a global premium market, attract liquidity from overseas investors, and adapt its role for the era of decentralized finance.