Stablecoins Could Save South Korean Merchants up to $3.8 Billion a Year, Budget Office Says
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An analysis suggests that if Korean Won stablecoins partially replace credit card payments, domestic merchants could reduce their annual payment fees by more than 5 trillion won. However, it is pointed out that safeguards, such as reserve asset regulations and the designation of "critical stablecoins," must be established alongside the stablecoins, given the potential for financial market instability caused by bank deposit outflows and large-sca…
Won Stablecoins Could Cut Merchant Fees by 5.15T Won
South Korea’s National Assembly Budget Office said on September 8 that won-denominated stablecoins could reduce annual merchant payment fees by between 370 billion won and 5.15 trillion won. The estimate depends on how much card spending shifts to stablecoins and the fees charged by those payment systems, with the upper-end savings reaching 5.15 trillion won ...
Study indicates billionaire economy with stablecoins of won in South Korean retail Won stablecoins can save $3.8 bi per year to shopkeepers
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