Issuance of Won-Linked Stablecoin to Prevent Domestic Capital Outflow
Payment Method and Integration with Existing Financial Platforms Following Clear Regulations
Promoting Domestic Launch of BTC and Cryptocurrency Spot ETF... Reducing Fees
Reflecting Global Trend of RWA in Cryptocurrency Industry... "RWA Institutionalization"
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The National Election Commission held a full committee meeting at 6:15 AM on the 4th to officially confirm Lee Jae-myung of the Democratic Party as the president-elect based on the election counting results.
The Democratic Party launched the Digital Assets Committee last month and announced a response plan for the cryptocurrency market based on the scenario of Lee Jae-myung's presidential election.
The blockchain-specialized economic media Block Street has organized the expected changes in the Korean cryptocurrency market following the start of President Lee Jae-myung's term based on previously reported news and collected data.
# "Stablecoin is 'Currency'"... Launch of Won-Linked Stablecoin
The Digital Assets Committee of the Democratic Party cited the issuance of a won-linked stablecoin and the preparation of related regulations as the most urgent task after its organization launch.
They pointed out that the proliferation of US dollar-linked stablecoins and the resulting capital outflow from Korea recorded approximately 56.8 trillion won between January and March 2025.
The committee emphasized not only the launch of a won-linked stablecoin but also active circulation in the private sector. Committee Chairman Min Byung-deok stated, "Won stablecoin has various potential uses, including domestic payment methods and synergy creation through integration with existing platform industries," and "These creative applications will be maximized when pursued by the private sector, not a few banks."
The committee disclosed the requirements for issuing a won-linked stablecoin: ▲100% securing of stablecoin-linked reserve assets ▲Compliance with minimum capital requirements ▲Mandatory approval from the Financial Services Commission.
# Korea Finally Gets Cryptocurrency Spot ETF!... RWA Together!
The Digital Assets Committee of the Democratic Party also identified the launch of cryptocurrency spot ETFs as a major task. They plan to launch an ETF in Korea that tracks the spot prices of major cryptocurrencies, including Bitcoin (BTC), opening a path for Korean investors to invest in cryptocurrencies in a more clear investment environment.
During his campaign last month, President Lee announced through his SNS account that he would "introduce a virtual asset spot ETF to help young people form assets and establish an integrated monitoring system." His policy manifesto also included inducing a reduction in cryptocurrency trading fees.
The development of asset tokenization (RWA), a global trend in the cryptocurrency market, is also worth expecting. During his campaign, the president promised to allow tokenization of traditional assets like government bonds, artworks, and patents for trading within the institutional framework.
He also said he would expand over-the-counter trading platforms to increase liquidity and establish systems for fair value assessment, accounting audits, and rights verification.
Reporter Kwon Seung-won ksw@blockstreet.co.kr
