The South Korean bank will discuss potential stablecoin pegged to the won on June 23.

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Lee Chang-yong, the Governor of the Bank of Korea, will hold a meeting with top executives from commercial banks on June 23 at the prestigious Bank Hall in Jung-gu, Seoul.

The agenda is expected to focus on the possibility of introducing a stablecoin pegged to the South Korean won, a move that could reshape the country's digital currency framework. Joining the Governor will be Deputy Governor Park Jong-woo, who has expertise in monetary policy and financial markets, and is expected to lead the discussion.

The South Korean bank has been cautious regarding stablecoins linked to the won, concerned about their impact on monetary policy effectiveness and the stability of the financial system, particularly concerning non-bank entities. These concerns highlight the sensitive balance that the central bank seeks to maintain while exploring this innovative yet untapped territory.

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