South Korea eyes won-pegged stablecoin to curb capital outflows and challenge USDT

20-5-2025 – Lee Jae-myung, leader of the Democratic Party, has unveiled an ambitious plan to introduce a stablecoin pegged to the Korean won. Speaking at a recent policy forum, Lee argued that such a digital currency would stem the tide of capital fleeing the country and reduce dependence on foreign stablecoins like USDT ($1. 00) and [. source: https://www.cointrackdaily.com/south-korea-eyes-won-pegged-stablecoin-to-curb-capital-outflows-and-challenge-usdt/