- With the launch of the Trump administration and its rapidly shifting stance on crypto policy, the global landscape is undergoing swift change. In South Korea, interest in KRW-pegged stablecoins is intensifying after the presidential election. The focus is no longer on whether to introduce a KRW stablecoin, but on how to design it.

- This newly released report builds on the foundational discussion in our previous publication, "The Necessity of KRW Stablecoins and Proposal for a Legislative Framework", and delves into the practicalities of issuance, usage, and accounting—drawing on global examples to outline what a functional KRW stablecoin ecosystem could look like.

▫️[Part 1] Structural Debates of Stablecoins (Yongbeom Kim, Hashed Open Research)

▫️[Part 2] Stablecoin Issuance Pipeline (Heechang, Four Pillars)

▫️[Part 3] Global Stablecoins Use Cases (100y, Four Pillars)

▫️[Part 4] Proposals for Issuing KRW-Denominated Stablecoins (Hyobong Kim, BKL LLC / Suhyeon Jeong, Shinhan Securities)

▫️[Part 5] Accounting, Taxation, and Regulatory Challenges of Stablecoins (Jae-Hyuk Lee, PwC)

▫️[Appendix] Frequently Asked Questions on Stablecoins (Suhyeon Jeong, Shinhan Securities)