Samsung Wallet Eyes Korean Won Stablecoins Down the Line
By Damilola Esebame
AI summary of the source article
Samsung Wallet could support a won-denominated stablecoin once South Korea establishes a legal framework, following its rollout of USDC in the United States across 82 million Galaxy devices.
Why it matters
Park cautioned that regulatory issues must be addressed "so that stablecoins can become a tool for sound financial innovation."
Key facts
- Samsung Global Research stated a won-denominated stablecoin could be integrated into Samsung Wallet once South Korea introduces one.
- Samsung Wallet rolled out USDC support in the U.S. across 82 million compatible Galaxy devices using Solana and Sui blockchains.
- South Korea does not yet have a licensed won-denominated stablecoin, with disagreements over eligible issuers slowing the Digital Asset Basic Act.
Source excerpt · FinanceFeeds
Park Hyun-soo, managing director at Samsung Global Research, said a won-denominated stablecoin could be added to Samsung Wallet once South Korea introduces one. Park spoke at a policy seminar in Seoul’s Yeouido district marking the publication of The Future of Money, the Stablecoin Revolution. Samsung Wallet Already Holds USDC in The United States Park pointed to the existing U.S. service as a pot…