The post South Korea Charts Cautious Path for Won-Based Stablecoin appeared on BitcoinEthereumNews.com. Key Points: Major South Korean banks plan a phased introduction of a won-based stablecoin. The initiative aims to enhance financial stability through regulatory control. Stablecoin introduction will prioritize KYC compliance, involving only large banks. Governor Lee Chang-yong announced the cautious introduction of a won-based stablecoin managed by banks, highlighting risks involved, during his address at South Korea’s National Assembly on October 19. This cautious approach could reshape South Korea’s financial sector while reducing reliance on USD-pegged stablecoins, sparking interest among major banks and enhancing regulatory oversight. South Korea Charts Cautious Path for Won-Based Stablecoin Major South Korean banks, overseen by Lee Chang-yong, are considering a cautious introduction of a won-based stablecoin within a regulated framework. In guidance from the Bank of Korea, a new stablecoin linked to the Korean won may debut with strict regulatory controls. Lee Chang-yong emphasizes a cautious start involving big banks first to ensure stability. Concerns about non-bank issuers’ systemic impact were voiced during a parliamentary meeting. Community reactions reflect a blend of optimism and caution as regulatory frameworks evolve. Statements from banking sectors stress prudence with Lee urging a cautious path to avoid financial disruptions. The proposal sparks debate on integrating innovative technology with conventional banking for nationwide economic impact. Global Implications and Expert Predictions for KRW Stablecoin Did you know? The drive for launching domestic stablecoins like the KRW pegged variant is seen globally as nations strive for currency independence and reduced reliance on USD-pegged tokens. Ethereum (ETH) currently experiences a notable 11.46% change in 24-hour trading volume, reflecting market volatility. Despite a slight drop of 1.64% in the last 24 hours, Ethereum saw a significant 67.87% increase over 60 days. Ethereum’s market cap stands at $510.75 billion as of August 19, 2025, according to CoinMarketCap. Ethereum(ETH), daily chart, screenshot on CoinMarketCap at 06:04… The post South Korea Charts Cautious Path for Won-Based Stablecoin appeared on BitcoinEthereumNews.com. Key Points: Major South Korean banks plan a phased introduction of a won-based stablecoin. The initiative aims to enhance financial stability through regulatory control. Stablecoin introduction will prioritize KYC compliance, involving only large banks. Governor Lee Chang-yong announced the cautious introduction of a won-based stablecoin managed by banks, highlighting risks involved, during his address at South Korea’s National Assembly on October 19. This cautious approach could reshape South Korea’s financial sector while reducing reliance on USD-pegged stablecoins, sparking interest among major banks and enhancing regulatory oversight. South Korea Charts Cautious Path for Won-Based Stablecoin Major South Korean banks, overseen by Lee Chang-yong, are considering a cautious introduction of a won-based stablecoin within a regulated framework. In guidance from the Bank of Korea, a new stablecoin linked to the Korean won may debut with strict regulatory controls. Lee Chang-yong emphasizes a cautious start involving big banks first to ensure stability. Concerns about non-bank issuers’ systemic impact were voiced during a parliamentary meeting. Community reactions reflect a blend of optimism and caution as regulatory frameworks evolve. Statements from banking sectors stress prudence with Lee urging a cautious path to avoid financial disruptions. The proposal sparks debate on integrating innovative technology with conventional banking for nationwide economic impact. Global Implications and Expert Predictions for KRW Stablecoin Did you know? The drive for launching domestic stablecoins like the KRW pegged variant is seen globally as nations strive for currency independence and reduced reliance on USD-pegged tokens. Ethereum (ETH) currently experiences a notable 11.46% change in 24-hour trading volume, reflecting market volatility. Despite a slight drop of 1.64% in the last 24 hours, Ethereum saw a significant 67.87% increase over 60 days. Ethereum’s market cap stands at $510.75 billion as of August 19, 2025, according to CoinMarketCap. Ethereum(ETH), daily chart, screenshot on CoinMarketCap at 06:04…

                                                                               Wormhole’s native token has had a tough time since launch, debuting at $1.66 before dropping significantly despite the general crypto market’s bull cycle.                     Wormhole, an interoperability protocol facilitating asset transfers between blockchains, announced updated tokenomics to its native Wormhole (W) token, including a token reserve and more yield for stakers. The changes could affect the protocol’s governance, as staked Wormhole tokens allocate voting power to delegates.According to a Wednesday announcement, three main changes are coming to the Wormhole token: a W reserve funded with protocol fees and revenue, a 4% base yield for staking with higher rewards for active ecosystem participants, and a change from bulk unlocks to biweekly unlocks.“The goal of Wormhole Contributors is to significantly expand the asset transfer and messaging volume that Wormhole facilitates over the next 1-2 years,” the protocol said. According to Wormhole, more tokens will be locked as adoption takes place and revenue filters back to the company.Read more