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News Explorer — Bank of Korea Warns of Stablecoin Depeg Risks

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Oct 28, 11:53 am
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Bank of Korea Warns of Stablecoin Depeg Risks

The Bank of Korea has raised concerns about stablecoins, emphasizing the importance of institutional trust for maintaining stable currency. The central bank highlighted the risks of depegging and referenced past stablecoin failures, urging traditional banks to lead stablecoin issuance.

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