Payment sovereignty at risk without stablecoins: lawmaker

South Korea must move quickly to institutionalize stablecoins to protect its payment sovereignty and stay competitive in a rapidly changing global financial system, Rep. Min Byoung-dug of the Democratic Party of Korea said Wednesday. Speaking at the final session of the eighth Global Business Forum, hosted by The Korea Herald and Herald Business in Seoul, Min urged the government and traditional financial institutions to accelerate legalization efforts and expand the use of stablecoins. He warne