Korea FSC Chair Nominee Mentions Stablecoin on “National” Blockchain

South Korea’s FSC Chairman nominee has indicated that the country’s stablecoin could be issued on a “national” blockchain. While no concrete details were provided, this signals the preferred direction of government leadership regarding existing stablecoins and blockchain infrastructure. National Blockchain to Replace Ethereum During Wednesday’s confirmation hearing, FSC Chair nominee Lee Eog-weon was questioned by ruling Democratic Party lawmaker Lee Kang-il about developing an independent blockchain mainnet for the country’s stablecoin. The nominee responded, “Current stablecoins are issued on networks like Ethereum (ETH) and Tron (TRX) source: https://beincrypto.com/korea-fsc-chair-nominee-mentions-stablecoin-on-national-blockchain/