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- 📢 Gate Square #MBG Posting Challenge# is Live— Post for MBG Rewards!
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After the meeting, the Bank of Korea still held a skeptical attitude towards the issuance of the Korean won stablecoin.
Gate News bot message, despite recent meetings with USDC stablecoin issuer Circle, the Bank of Korea remains lukewarm towards the proposal to launch a Korean won stablecoin.
According to South Korean media Newsway, several unnamed executives from Circle recently held talks with officials from the Bank of Korea and members of the National Assembly.
According to reports, the two parties exchanged opinions on the stablecoin during a private meeting. Sources from the media stated that they were not authorized to disclose the "main agenda or topics discussed" during the talks.
The media also added that Circle executives will meet with high-ranking officials from the Financial Services Commission (FSC). The FSC is South Korea's top financial regulatory authority.
After the elections on June 3, the new South Korean government is formulating its own financial policies, with discussions regarding stablecoins underway, "global companies are closely watching."
The South Korean government has pledged to launch a currency pegged to the Korean won for commercial and international trade.
However, with the booming trading of USDT and USDC on Korean exchanges, some people seem to believe that Seoul should allow financial institutions to use dollar-pegged currencies in settlements.