Industry Pressure Builds as 2026 Looms

[johnblockbuster]

While regulators debate, companies are preparing. Major banks are positioning for a bank-led issuance model, while fintech firms want the freedom to launch independently. One high-profile example is Toss, which has said it plans to issue a won-backed stablecoin once rules are finalized.

The longer the standoff continues, the more stablecoin activity defaults to foreign, dollar-based systems. Possible outcomes in 2026 include a phased rollout starting with banks, open licensing with stricter rules for large issuers, or bank-led consortia that are allowed but not mandatory — a compromise that could finally break the deadlock.

[tradelikepro]

korea dragging its feet just pushes everyone to dollar stables anyway