
Bank of Korea's $42 billion stablecoin team just triggered a 30% market surge
Key Points
- The Bank of Korea has launched a Virtual Asset Team to overs...
The Bank of Korea just did something that would make your local DMV proud: they created a new bureaucratic team. But unlike most government committees that exist solely to schedule more meetings, this "Virtual Asset Team" is overseeing a $42 billion won-pegged stablecoin project that's actually moving markets.
While central banks worldwide are still debating whether Bitcoin is money or digital Monopoly cash, South Korea's BOK is rolling up its sleeves and building the infrastructure for digital won. It's like watching your cautious friend who normally checks Yelp reviews for 20 minutes sudden...
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