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Stablecoin Legislation Gains Momentum as Related Stocks Surge

South Korea's parliament is stepping up efforts to establish a legal framework for the introduction of won-denominated stablecoins, with the government and ruling party aiming to pass the second phase…

  • South Korea aims to pass won-denominated stablecoin legislation by year-end.
  • Dollar-denominated stablecoins dominate 99.4% of market capitalization.
  • Integrated bill to be introduced next month with Financial Services Commission involvement.

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