Hashed Kim Seo-joon "Won Stablecoin, If Missed Now, Lose Digital Financial Sovereignty"

The voice demanding the Korean Won stablecoin is rising (Source: Chosun Ilbo)

Hashed's CEO Kim Seo-joon strongly criticized Korea's excessively passive attitude towards the introduction of the Korean Won stablecoin, emphasizing that now is the golden time. Through Facebook, he mentioned, “Major countries in the world are systematizing stablecoins based on their own currency and are entering the digital financial hegemony competition,” while pointing out that Korea is still standing idle, citing capital outflow and exchange rate instability as reasons.

He compared, “Saying that we should give up on the Korean Won stablecoin out of fear of USDC is like saying we should not create Wavve or Tving out of fear of Netflix,” explaining that global financial institutions like JP Morgan and Citibank are already entering the next stage called ‘tokenized deposits’ beyond privately led stablecoins.

He warned that if Korea fails to prepare its own Korean Won-based digital exchange means, dependence on the digital dollar will inevitably become the course. Especially in the current situation where the digital financial ecosystem is rapidly being reorganized based on blockchain, he also conveyed a sense of crisis that the Won might lose its place in regional exchange and global payments.

Kim emphasized that Korea should immediately engage in △institutional arrangements related to the issuance of the Korean Won stablecoin △introduction of a digital foreign exchange sandbox △securing an international Won distribution network, adding, “If we miss this opportunity again, Korea will have no choice but to be isolated in digital finance.”