A South Korean lawmaker urges the government to accelerate the legalization and promotion of stablecoins

According to Cryptopolitan, a South Korean lawmaker urged the South Korean government to collaborate with traditional financial institutions to accelerate the legalization and promotion of stablecoins.

The lawmaker also warned that if South Korea delays, it may fall behind as global payment standards evolve. The lawmaker pointed out that stablecoins have become an irreversible trend in the South Korean financial system. "The question is no longer whether stablecoins should be launched; the only question now is how quickly and effectively we should launch stablecoins." He described stablecoins as an inevitable tool for cross-border payments, trade settlements, and remittances.