#稳定币市场 Seeing South Korea promote the digital asset legislation, I feel especially pleased! The standardized development of stablecoins is an important signal that Web3 is moving towards maturity.
The highlights of this legislation are very clear: it requires stablecoin issuers to deposit more than 100% of the prepared assets in banks or trusts, which is like insuring users' assets. The measures to isolate bankruptcy risks have also eliminated users' biggest concerns through institutional design—no more worries about issuers fleeing or misappropriating funds.
Of course, the Financial Services Commission and the central bank are still negotiating regulatory details, which is normal. The differing voices among authorities precisely indicate that policymakers are taking this matter seriously. The process of standardization may be slow, but every step taken is more solid.
Think about it—stablecoins are the lifeblood of the Web3 world. Once the regulatory framework is complete, institutions and ordinary users will truly feel confident to participate in DeFi, payments, cross-border transfers, and other applications. This is not about restricting innovation, but about providing a fertile ground for it. South Korea's move is of great significance for the long-term development of the entire industry.
The future will prove that those countries and projects that persist on the path of standardization will ultimately be the winners.
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#稳定币市场 Seeing South Korea promote the digital asset legislation, I feel especially pleased! The standardized development of stablecoins is an important signal that Web3 is moving towards maturity.
The highlights of this legislation are very clear: it requires stablecoin issuers to deposit more than 100% of the prepared assets in banks or trusts, which is like insuring users' assets. The measures to isolate bankruptcy risks have also eliminated users' biggest concerns through institutional design—no more worries about issuers fleeing or misappropriating funds.
Of course, the Financial Services Commission and the central bank are still negotiating regulatory details, which is normal. The differing voices among authorities precisely indicate that policymakers are taking this matter seriously. The process of standardization may be slow, but every step taken is more solid.
Think about it—stablecoins are the lifeblood of the Web3 world. Once the regulatory framework is complete, institutions and ordinary users will truly feel confident to participate in DeFi, payments, cross-border transfers, and other applications. This is not about restricting innovation, but about providing a fertile ground for it. South Korea's move is of great significance for the long-term development of the entire industry.
The future will prove that those countries and projects that persist on the path of standardization will ultimately be the winners.