Bank of Korea Gov. Shin Hyun-song said stablecoins and deposit tokens each have their own specialized uses.
Speaking at a plenary session of the National Assembly's Finance and Economy Planning Committee on Thursday, Shin told Democratic Party of Korea lawmaker Ahn Do-geol that stablecoins and deposit tokens would "continue to sustain the monetary ecosystem in a competitive and complementary relationship."
Shin said his stance on the digital ecosystem remained unchanged from what he had expressed at his confirmation hearing. "There has been absolutely no change in my position that a won-backed stablecoin regime must be introduced without delay," he said.
kimstar@heraldcorp.com
