Researcher Han advocates: Introduce a Korean won stablecoin based on short-term government bonds

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[Golden Finance] Kim Pil-kyu, a senior researcher at the Korea Capital Market Institute, stated at the "Stablecoins and Short-term National Treasury Bonds" seminar held in Yeouido, Seoul on the 11th: "We should make appropriate basic preparations for the introduction of a Korean won stablecoin," and presented the above view.

He pointed out that if a South Korean won stablecoin is introduced, in order to enhance its payment stability and value storage function, there needs to be prepared assets, and the instruments that can serve this function are short-term government bonds used to fill the government's short-term funding gap.

Especially under conditions of severe fluctuations in interest rates or changes in market demand, short-term government bonds carry lower risk. Compared to long-term government bonds, their interest rates are relatively lower, which helps improve the efficiency of financing and utilization of fiscal funds, he explained.

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OffchainOraclevip
· 08-11 06:13
The old path of stablecoins is not feasible.
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AllInDaddyvip
· 08-11 02:46
Do you want to understand the Korean won, Giant?
View OriginalReply0
ImpermanentSagevip
· 08-11 02:38
Here comes another new concept to play people for suckers, suckers can never be played for suckers endlessly.
View OriginalReply0
DeFiVeteranvip
· 08-11 02:37
Why is everyone so competitive in making stablecoins?
View OriginalReply0
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