TLDR South Korea’s major banks join tech firms like Naver and Samsung to develop won-pegged stablecoin systems. Stablecoin transaction volumes in South Korea have already exceeded $41 billion nationwide. Woori expands Samsung Wallet partnership and holds stake in KRW1 stablecoin issuer BDACS. The Financial Services Commission plans to submit South Korea’s first stablecoin bill soon. … Continue reading South Korea’s Financial Sector Accelerates Stablecoin Development: Are the Regulations Ready to Keep Up?