Definition
Korean won–denominated stablecoin proposed for issuance and circulation under South Korea’s forthcoming Digital Asset Basic Act, with policy preference (per BoK) for bank-led consortiums.
Key Points
- Still roadmap / legislative — not live retail issuance regime
- Tied to FX liberalization and offshore won settlement plans
- Competitive framing vs US dollar stablecoins under genius-act
Related
- south-korea-won-stablecoin-fx-roadmap
- stablecoin
- stablecoin-regulation
- south-korea-digital-assets
- k-bank
Sources
July 2026
- 2026-07-27: coupang × woori-bank spend/settlement PoC on tempo (Coupang Eats) — pilot ahead of full legal framework (2026-07-27-coupang-woori-bloomingbit)
- kakao/toss explore won-based digital assets with circle (MOU; Circle not issuing KRW coin) (2026-07-23-circle-kakao-toss-yonhap)
- See korea-stablecoin-rails