The Governor of the Bank of Korea expresses cautious attitude towards the Korean won stablecoin According to the Economic Daily of Korea, the Governor of the Bank of Korea, Lee Chang yong, expressed a cautious stance on the introduction of the Korean won stablecoin during a press conference on the inspection of price stability. He stated that although he does not oppose it, it is necessary to comprehensively consider the stability of the foreign exchange market and the structural changes in the banking industry. Li Changyong raised a question that if a Korean won stablecoin is issued, it may cause difficulties in foreign exchange management due to its convenient exchange with US dollar stablecoins or an increase in demand for US dollar stablecoins. In addition, the Bank of Korea is concerned that the activation of stablecoins will shift existing payment and settlement functions from the banking industry to non banking industries. Li Changyong emphasized that this will have a significant impact on the bank's revenue structure and business model, and needs to be handled from a holistic perspective. He also stated that due to the involvement of multiple departments in the relevant policies, formal policy coordination will be carried out with the Ministry of Planning and Finance, the Financial Commission, and other departments to comprehensively consider the advantages and disadvantages of stablecoins and take comprehensive measures to address them.