South Korea’s central bank to prioritize won-backed stablecoins over CBDC

South Korea’s central bank paused its central bank digital currency (CBDC) project after President Lee Jae Myung’s endorsement of private stablecoins tied to the Korean won quickly gained momentum. Yonhap News Agency reported that the BOK (Bank of Korea) informed banks taking part in the Hangang CBDC initiative that talks on a second phase of […] source: https://www.cryptopolitan.com/south-koreas-central-bank-to-prioritize-won-backed-stablecoins-over-cbdc/