K-Won is coming: South Korea’s 8 mega-banks to unleash world’s newest stablecoin shockwave

South Korea’s eight largest commercial banks have joined forces to launch a Korean-won-pegged stablecoin, forming the country’s first unified financial consortium dedicated to this purpose. The ini...

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K-Won is coming: South Korea’s 8 mega-banks to unleash world’s newest stablecoin shockwave

Source: CryptoSlate

South Korea’s eight largest commercial banks have joined forces to launch a Korean-won-pegged stablecoin, forming the country’s first unified financial consortium dedicated to this purpose. The initiative, quietly coordinated by the Open Blockchain & DID Association and overseen by the Financial Supervisory Service (FSS), aims to pilot issuance by early 2026 The participating banks, KB […]