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South Korean experts claim that nation Stablecoin Pivot could brake the growth of card providers, but to provide support for domestic technology giants.
The media media in the country of June 23 reported that the legislators of the Democratic Party in the Committee for Political Affairs of the National Assembly are planning to introduce a law called Act on Innovation of Digital Assistance next month.
The bill defines stablecoins as “value stable digital asset”. They also stipulate that future issuers will have to prove that they have capital assets worth at least 1 billion victories ($ 720,258).
Stablecoin Pivot: Which companies could suffer?
Stablecoins based on victory could potentially revolution in the South Korean financial sector. They would allow people to make payments using privately issued tokens without engaging Fiat.
The Korean bank expressed skepticism. Urged caution and is a warning of a harmful effect on the commercial banking sector.
New daily kyungjae They said that credit card providers may be adversely affected by the introduction of stablecoin.
The media output noted that experts are afraid that the card sectors “may face the structural crisis in the long run because its payment base is gradually weakening”.
The introduction of stablecoin could, the output warned: “It can be difficult to guarantee even short -term profitability.”
However, an employee in an unnamed card provider offered a beam of hope and explained: explained:
“It is difficult to anticipate the impact that stablecoins will have on profitability. However, it will be difficult for them to replace our ability to offer credit expenditures. This is a unique domain by card issuing.”
However, it seems that the loan is for companies with a double dig of sword. The output said that home card issuers try to “prevent their profitability by expanding their offer with a high interest loan”.
This, as the store wrote, causes an increase in starting loans because “the ability of debtors to decrease”.
The Korean Bank, the South Korea’s central bank, is still lukewarm in the designs of the start of Stablecoin, despite the recent meeting with the USD (USDC).#Southkorea #Stablecoins #Usdchttps://t.co/qpwbqgvtfg
– Cryptonews.com (@cryptonews) June 19, 2025
The average monthly starting level of South Korean card companies in the first quarter of the financial year reached 1.93%.
This is remarkably close to the 2% rate that the industry considers “dangerously high”. Even worse, three of the largest cards in the country (KB Kookmin, Hana and BC card) have exceeded 2% of the stamp this year.
Stablecoin Pivot: Which companies will prosper?
While banks and car providers are clearly worried about what could do with Stablecoin driven for their industry, technical companies seem to have accepted this change.
Observation reports It states that while regulatory years have reduced business expansion, difficult-hitters “move fast because governments around the world are beginning to show signs of determining clear instructions”.
Outlet has noticed that the search engine operator and the Chatao Chata application, which has been working on innovations related to blockchain for both years.
Other companies, which are interested in developing in Stablecoin, are subsidiaries of Hyundai Hyundai HT (Smart Homes) and Hyundai Mobis (Auto Parts).
Another intelligent domestic company, Kocom, along with the Kaon Media connector and IT Services Bridget.
The media output said that the expectations “grow” for the release of the Stablecoin Navver and the Link to the Services of Web3 that use this coin.
The NAVER is a South Korean response to Google. He created a huge ecosystem of the site, IT and payment services. An unnamed expert on industry said:
“Positive changes in Stablecoin’s policy will help speed up the Naber’s business related to blockchain.”
In the case of NAVE, trade extensions related to stablecoin have the potential to cross the boundaries. The company has a close historical connection with the line, chat application popular in Japan and other Asian markets.
Potential cooperation with NAver-line stablecoin or interoperability solution could provide additional support, the outlet closed.
Stablecoin Frenzy of South Korea led to a gust of speculative activity at national events and crypto markets.
Traders are trying to prevent legislators’ decisions by capturing shares in companies that previously expressed their willingness to do business in connection with Stablecoin.
Contribution Analysts: South Korea Stablecoin Pivot will hurt society, Boost Big Tech He appeared for the first time Cryptonews.
