Tiger Research’s Yoon Seung-sik Says South Korea’s Won Stablecoin Market Lacks a Clear Role

Tiger Research head Yoon Seung-sik said South Korea’s won-denominated stablecoin market currently has no clear place, citing limited market practice and discussion in the country. According to Odaily, Yoon said the issue is not a lack of potential, but that South Korea is only beginning related debates, unlike the United States, which has gone through years of trial and error, regulation, and market development in stablecoins. He added that South Korea’s financial infrastructure is already well developed, and said the main challenge is answering why consumers would need to use a won stablecoin. Yoon said the key themes in the digital asset industry in the first half of this year were stablecoins, tokenization, and real-world assets (RWA). He said AI agents and decentralized finance (DeFi) have long-term potential but remain some distance from large-scale adoption. He said stablecoins and tokenization have accumulated many global use cases and are prompting more institutions to enter the market. Yoon expects the digital asset market in the second half of the year to continue focusing on regulatory developments, the practical rollout of stablecoins and RWA, and new narratives in the retail market.