The Bank of Korea has announced its commitment to actively participate in the development of stablecoin regulations to safeguard monetary and financial stability. This initiative is part of a broader effort to create a regulatory framework addressing the risks associated with stablecoins and their potential impact on monetary policy and traditional financial markets.
Europe is accelerating its plans for a digital euro in response to the United States' recent stablecoin legislation. The European Central Bank is prioritizing the development of a digital currency to enhance financial stability and provide a competitive alternative to private digital assets. This move signifies a shift in focus towards digital currencies amid evolving global regulatory frameworks.