FollowNoorr
06/09 16:40
Stablecoin beneficiaries’ stocks pump Both tradit
Stablecoin beneficiaries’ stocks pump
Both traditional and crypto investors in South Korea have responded enthusiastically to the new administration.
According to a survey by the Korea Chamber of Commerce and Industry cited by multiple local outlets, almost 60% of respondents said they plan to expand their crypto holdings under Lee’s tenure.
That optimism spilled into the stock market on Monday, as payment firms Kakao Pay and rival Danal both closed the day up 29.9%.
Due to its digital wallet infrastructure and QR code payment system, Kakao Pay is widely seen as a potential beneficiary of a domestic stablecoin. The firm is the fintech arm of Kakao, whose Web3 subsidiary developed the Klaytn blockchain, now merged with Japanese messenger LINE-backed Finschia to form Kaia.The rally also reflects increasing confidence that stablecoin regulation will advance quickly. Kim Yong-beom, a former vice finance minister and until recently head of research at blockchain venture capitalist Hashed, has been appointed as President Lee’s chief policy officer.Lawmaker Min’s forthcoming Digital Asset Basic Act is expected to contain provisions for legalizing and overseeing won-pegged stablecoins, signaling that legislative support is coalescing behind the plan
#Share Your Thoughts on Popular Assets in June#Do you think BOBBSC is promising?#Trump-Musk spat sees Bitcoin tumble
3Compartir
Todos los comentarios0Lo más recientePopular
No hay registros