Key Takeaways
- South Korea’s major banks are partnering with digital finance firms to tap into the booming stablecoin sector.
- Regulators in Seoul are close to approving new stablecoin rules.
- U.S. progress on stablecoin legislation is pushing other countries, including South Korea, to speed up their own regulatory plans.
South Korea’s stablecoin ambitions are gaining momentum, with the country’s biggest commercial banks striking deals with digital asset firms to explore new opportunities in the fast-growing sector.
The push comes under the newly elected pro-crypto government, which campaigned on lifting the ban on spot crypto exchange-traded funds and fast-tracking stablecoin regulations.
322
0x Protocol
1inch Network
Aave
Aavegotchi
Acala Token
Adventure Gold
Akash Network
Alchemix
Alchemy Pay
Algorand
Alien Worlds
Alpha Finance Lab
Altair
Ambire AdEx
Ampleforth Governance Token
Ankr
APEcoin
API3
Aptos
ARPA Chain
Astar
Audius
Augur
Augur V2
Avalanche
Axie Infinity
Badger DAO
Balancer
Bancor
Band Protocol
Bonded Finance
Basic Attention Token
Basilisk
Biconomy
Bifrost
Bitcoin
Bitcoin Cash
BitDAO
Blur
Bluzelle
BitTorrent
Boba Network
Solana Name Service
Cardano
Cartesi
Celer Network
Centrifuge
Chain Games
Chainlink
Chiliz
Chromia
Civic
Compound
Coin98
Convex Finance
Cosmos
COTI
Crust Shadow
Curve DAO Token
Dai
Dash
Decentraland
Dent
Dogecoin
dYdX
Energy Web Token
Enjin Coin
Enzyme
EOS
Ethereum
Ethereum Classic
Ethereum Name Service
Euler
Fantom
Artificial Superintelligence Alliance
Filecoin
Flare
Flow
Frax Share
Gala
Galatasaray Fan Token
Gari Network
GensoKishi Metaverse
Gitcoin
GMX
Gnosis
Gstcoin
Harvest Finance
Hashflow
ICON
IDEX
iExec RLC
Immutable
Injective Protocol
Internet Computer
Integritee
Interlay
JasmyCoin
Juno
Karura
Kava.io
Keep Network
Keep3rV1
Rook
KILT Protocol
Kin
Kintsugi
Kusama
Kyber Network
Lido DAO Token
Lisk
Litecoin
Livepeer
Loopring
Maker
Marlin
Mango
Marinade Staked SOL
Mask Network
Merit Circle
Mina
MIR COIN
Monero
Moonbeam
Moonriver
Multichain
MultiversX
Moonchain
MyNeighborAlice
Nano
NEAR Protocol
Nodle
Numeraire
NYM
Ocean Protocol
OMG Network
Orca
Orchid
Origin Protocol
Oxygen
Parallel Finance
PAX Gold
Perpetual Protocol
Phala Network
Polkadot
Polkastarter
Polygon
Powerledger
pSTAKE Finance
Qtum
Quant
Radworks
Rarible
Raydium
Ren
Request
XRP
Robonomics.network
Rocket Pool
Rubic
Saber
Samoyedcoin
Secret
Selfkey
Serum
Shiba Inu
Shiden Network
Siacoin
Solana
Songbird
Spell Token
Stacks
Stafi
Star Atlas
Star Atlas DAO
Stargate Finance
Stellar
1Step.Finance Step Finance
STEPN
Storj
SuperCoin
SuperRare
SushiSwap
Solar
Synapse
Synthetix
tBTC
Terra 2.0
Terra Classic
TerraUSD
Terra
Terra Virtua Kolect
Tether
Tezos
The Graph
The Sandbox
THORChain
Threshold
Tokemak
Tribe
TRON
TrueFi
UniFi Protocol
Uniswap
USD Coin
Waves
WOO Network
Wrapped Bitcoin
Wrapped Axelar
Wrapped Ethereum
yearn.finance
Yield Guild Games
Zcash
Beam
Aevo
Altlayer
Arkham
ether.fi
Safe
Zetachain
Nosana
WenMoon
Zeus Network
Pendle
PDATA
Big Time
Portal
Gravity
Osmosis
Kujira
Hivemapper
Mantle
Neutron
SagaWorld
Stride
Renzo
CloudTx
Balancer USD Stable Pool
0xBitcoin
Crust Shadow
Orbitcoin
r/FortNiteBR Bricks
Bionic
MoonSwap
Ambire AdEx
00 Token
Tether EURt
FunFi
Gstcoin
Ethena
Unifi Protocol DAO
Selfkey
Terra Virtua Kolect
Ampleforth
ForthBox
Onyxcoin
Merit Circle
Star Atlas DAO
Proof Of Liquidity
Energy Web Token
Radar
Alpha Finance Lab
Hashflow
LCX
PayPal USD
Nano
TerraUSD
UMA
JITO
EthereumPoW
Moonbeam
Rubic
Afsc Coin
SuperCoin
aTUSDv1 Aave Interest bearing TUSD
Dymension
Helium
Axie Infinity
Pyth Network
Bonk
Strike
MultiversX
Jupiter
Sui
Dogwifhat
Sei
THORChain
Celestia
Pepe
ETC Cooperative
Arbitrum
Uniswap
Shiba BSC
Doge Dash
1Sol
Toncoin
Stably USD
Kaspa
Popcat
Mog Coin
Cat In A Dogs World
zkSync
Eigenlayer
TurboStarter
Echelon Prime
Memecoin
GigaSwap
Ponke
Apu Apustaja
Athens
Kamino
Clearpool
Goldfinch
Morpho
Bounce Token
Maple Finance
Parcl
Covalent X Token
Swell Network
Litentry
deBridge
Puffer
Globiance USD Stablecoin
Zeta
Quantoz USDQ
Quantoz EURQ
Skycoin
Banks and Digital Finance Firms Join Forces
According to the Korea Times, Korean commercial banks are partnering with domestic and international digital finance companies to invest in stablecoin ventures.
On Monday, Hana Bank — the nation’s third-largest lender — announced a memorandum of understanding (MOU) with Circle, the U.S.-based issuer of USDC, the world’s second-largest stablecoin by market value.
“We have not yet outlined concrete plans for our partnership with Circle. But we expect this collaboration to bring us closer to issuing stablecoins in Korea,” a Hana Bank executive said.
Just last month, OK Savings Bank signed a similar MOU with Danal, a local digital payments company, to work on a won-backed stablecoin.
These partnerships are unfolding as President Lee Jae Myung’s administration advances discussions on legalizing a domestic stablecoin.
South Korea’s Journey From Caution to Crypto Ambition
Despite being a tech-forward nation, South Korea has long taken a cautious approach to crypto, focusing on investor protection.
It was among the first countries to regulate crypto trading but failed to keep pace with evolving rules in the West.
The previous administration delayed stablecoin and tax legislation for years and refused to lift the ban on spot crypto ETFs.
The new leadership in Seoul is signaling a shift. President Lee has pledged to green-light stablecoin regulations and allow spot ETF investments, marking a clear break from the past.
The timing aligns with global momentum — particularly in the United States, where the Trump administration has passed multiple pro-crypto measures.
The stablecoin law and Market Structure Bill have cleared the House of Representatives, with further regulatory clarity expected by year’s end.
