"Korean Won Stablecoin Is a Clear Presidential Campaign Promise"

Stablecoins Expected to Drive Fintech Growth
Adoption of Stablecoins for Cost Reduction and Improved Efficiency

NH Investment & Securities analyzed on the 12th that the main topic of discussion in the digital asset market this week was stablecoins. The company noted that, overseas, attention was drawn to the sharp price surge of Circle (CRCL), which was listed on June 5. It also explained that discussions about a Korean won-based stablecoin are rapidly emerging domestically.

Hong Sungwook, a researcher at NH Investment & Securities, stated, "Circle, the issuer of the stablecoin USDC, saw its stock price soar after its listing." He explained, "Although it is a digital asset company, its business model is easy to understand, and it is virtually the only stock directly related to stablecoins. These factors contributed to the price surge."

He added, "If we view it as a 'new payment infrastructure company' that threatens the existing payment infrastructure, the valuation burden is likely to be gradually resolved."

Researcher Hong further analyzed, "In Korea, discussions about a Korean won-based stablecoin have rapidly emerged," and "the pledge to prepare utilization measures for a won-based stablecoin was included in the presidential election campaign promises." He also emphasized, "This is a measure to respond to the U.S. policy drive on stablecoins," and "a basic digital asset bill that includes provisions on stablecoins has been proposed." He stated, "Institutional arrangements for issuing a Korean won-based stablecoin have also begun," and expressed his expectation that "if stablecoins are institutionalized, companies will move to issue stablecoins and develop stablecoin-based services."

Researcher Hong predicted, "Due to cases such as Circle's listing, domestic companies will first focus their attention on issuing stablecoins," and "subsequently, companies developing payment and financial services based on stablecoins may attract attention." He introduced, "The 'programmable function' of stablecoins can drive fintech activation," and "even general companies will gradually adopt stablecoins to reduce costs and improve efficiency."