A South Korean lawmaker urged the government to accelerate the legalization and widespread adoption of stablecoins.

a South Korean lawmaker urged the South Korean government to cooperate with traditional financial institutions to accelerate the legalization and promotion of stablecoins. The lawmaker also warned that if South Korea delays, it may fall behind as global payment standards evolve. The lawmaker pointed out that stablecoins have become an irreversible trend in South Korea's financial system. "Stablecoins are no longer a question of whether they should be introduced; the only question now is how quickly and in what manner we should introduce stablecoins." They described stablecoins as an inevitable tool for cross-border payments, trade settlement, and remittances. (Cryptopolitan)