What is the Bank of Korea proposing?

[lingriiddd]

The BOK wants issuers of won-based stablecoins to deposit their reserve assets directly at the central bank. This is designed to increase stability, prevent mass redemptions, and align stablecoins with traditional banking.

[Nahid Hossen]

Korea pushing stablecoin reserves into the central bank shows how tightly they want to control risk.

[Abdul Khan]

Linking reserves to the BOK could make won-based stablecoins safer and more bank-like.