Yoon Seung-jik: South Korea Has Not Yet Truly Entered the Stablecoin Market

Yoon Seung-jik stated that the South Korean won stablecoin market has not yet formed a true position, lacking market practice and discussion rather than potential. Unlike the years of trial and error and regulation in the United States regarding stablecoins, discussions in South Korea have just begun. Although South Korea has a well-developed financial infrastructure, the real challenge lies in answering the question, "Why do consumers need to use a won stablecoin?" Yoon pointed out that the core keywords in the digital asset industry for the first half of this year are stablecoins, tokenization, and RWA (Real World Assets). While AI agents and DeFi have long-term potential, there is still a distance to large-scale implementation. Stablecoins and tokenization have accumulated a wealth of global practical cases, prompting more institutions to accelerate their entry. It is expected that the digital asset market in the second half of the year will focus on regulatory progress, the actual implementation effects of stablecoins and RWA, as well as new narratives in the retail market.

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