South Korean Stablecoin Shares Surge on Regulatory Hopes

2025-12-19 00:26

Shares of South Korean crypto firms surged as lawmakers advanced efforts to legalize won-pegged stablecoins. Despite a 3% drop in the KOSPI index, companies like Danal, TS Investment, and Nuon saw their shares rise by up to 7%. The Democratic Party is pushing for legislation that would allow banks and tech firms to issue stablecoins, with a bill anticipated in early 2026. Danal is poised to benefit significantly due to its offline payment patent, according to Money Today. However, the Bank of Korea has expressed opposition, citing concerns over financial stability and Countering the Financing of Terrorism (CFT).

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