Bank of Korea Plans to Integrate Deposit Tokens on Public Blockchain Networks

Bank of Korea Exploring Using 'Stablecoins Issued by the Private Sector' - WorldNL Magazine

In brief The Bank of Korea is considering issuing deposit tokens on a public blockchain to coexist with private stablecoins. $19.5 billion worth of stablecoins left South Korea in Q1 2025, prompting calls for a won-backed alternative. Tech design isn’t enough to safeguard sovereignty, pointing to the need for sound fiscal policy, according to industry experts. The Bank of Korea is considering linking its deposit tokens to a public blockchain, a …

CoinStats - Bank of Korea Reveals Ambitious Public Blockc...

BitcoinWorld Bank of Korea Reveals Ambitious Public Blockchain Plan Big news is brewing in the world of digital finance, and it’s coming straight from the heart of South Korea. The Bank of Korea (BOK), the nation’s central bank, is making waves with its latest exploration into the realm of digital currencies. Specifically, they are looking into how their proposed deposit tokens could potentially integrate with public blockchains. This isn’t just…

Bank of Korea Plans to Integrate Deposit Tokens on Public Blockchain Networks

The Bank of Korea deputy governor said that the central bank is considering integrating state-backed deposit tokens with public blockchains.