Part 1 of the Stablecoin Trilogy
Overview of Value Chains, Case Studies, and Global Regulations
A Reference for Policymakers, Institutions, and Researchers
Toss announced on August 26 that its Financial Management Research Institute, Toss Insight, has published its first report, "Stablecoin: The Rise of a New Financial Infrastructure."
Toss Financial Management Research Institute 'Toss Insight' First Report 'Stablecoin: The Rise of a New Financial Infrastructure'. Toss
This report, the first part of a trilogy, provides a general overview. It offers analysis from financial, industrial, and policy perspectives.
The report views stablecoins not simply as virtual assets, but as a new challenge at the intersection of financial policy and private sector innovation.
It was prompted by the recognition that there is a need to clarify the facts and establish a clear framework for understanding.
To this end, the report applies perspectives from monetary theory, financial economics, and industrial organization to explain the structure and operating principles of stablecoins.
It defines stablecoins and outlines their key characteristics. The report presents the current state of the market and the background to its expansion. It analyzes the three value chains of stablecoins: the infrastructure industry, the issuance and distribution industry, and the applied solutions industry.
The report highlights real-world cases involving global issuers and financial companies, as well as trends in regulation.
Through this report, Toss Insight examines both the opportunities and challenges of stablecoins, offering analysis and insights that can serve as references for policymakers, financial institutions, and researchers.
Hong Kihoon, head of Toss Insight, stated, "Stablecoins are gaining attention as a key link between the traditional financial system and the digital economy. I hope this report will serve as a foundational resource for constructive discussions and policy design regarding stablecoins."
Toss Insight is an institution that analyzes financial policies and researches trends, focusing on the fintech sector. It was established to deliver meaningful messages across the financial industry and to enhance Toss’s social contribution as a financial institution.
Starting with this report, Toss Insight plans to sequentially publish additional reports on the regulation and supervision of stablecoins, as well as on business strategies.
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