<ul><li>Bank of Korea intends to issue deposit tokens using public blockchains, aligning central banking with decentralized infrastructure.</li><li>South Korea plans to compete with USD-backed stablecoins by exploring the use of won-based stablecoins to maintain financial autonomy.</li><li>The move to use public blockchains presents benefits like transparency and global access, but challenges include scalability and legal alignment.</li><li>Current priorities for South Korea include testing deposit tokens, launching a won-backed stablecoin, and establishing rules for token issuers to integrate state-backed digital currencies into the wider crypto economy.</li></ul>

Bank of Korea Embraces Public Blockchain for Deposit Tokens, Moves to Reclaim Stablecoin Control

Discover more