[Chi Man-soo: Discussions on KRW Stablecoin Should Prioritize Use Cases and Feasibility]
According to Bloomingbit, Chi Man-soo, a senior researcher at the Korea Institute of Finance, stated that policymakers should prioritize reviewing specific use cases and feasibility before deciding on the issuer of a KRW stablecoin. Chi Man-soo pointed out that the Hong Kong Monetary Authority has already granted stablecoin issuance licenses to HSBC Hong Kong and AnchorPoint Financial, covering scenarios such as cross-border payments, domestic payments, tokenized asset trading, and supply chain finance, while advancing in coordination with digital financial strategies like CBDCs and tokenized deposits. Chi Man-soo suggested that discussions on a KRW stablecoin in Korea should start by addressing issues within the domestic financial and payment systems, while simultaneously designing specific applications for payments, asset tokenization, and trade finance.
