韓國的Stablecoin辯論：塑造數字金融的未來

在韓國的政治喧囂中，一場激烈的辯論爆發了勝利的stablecoin。

Amidst the lively hustle and bustle of South Korea’s upcoming elections, a fiery debate has erupted over the creation of a won-based stablecoin. But this clash isn’t merely a local squabble; it marks a significant chapter in the cryptocurrency narrative that holds valuable lessons for economies worldwide.

在韓國即將舉行的選舉中熱鬧的喧囂中，一場激烈的辯論爆發了勝利的Stablecoin。但是這種衝突不僅是當地的爭吵。它標誌著加密貨幣敘事中的重要一章，為全世界的經濟體提供了寶貴的教訓。

At the heart of this vision lies Lee Jae-myung, a seasoned frontrunner from the Democratic Party. He dreams of a future where South Korea spearheads a robust stablecoin market, safeguarding national wealth from dissipating across international borders. This proposition comes at a time when digital currencies are weaving seamlessly into the fabric of global economies.

這個願景的核心是民主黨的經驗豐富的領跑者李·耶·蒙（Lee Jae-Myung）。他夢想著一個未來，韓國率領穩健的穩定市場，保護民族財富免受國際邊界的消散。這個主張是在數字貨幣無縫編織到全球經濟結構的時候。

Lee Jae-myung envisions a scenario where South Korea races to embrace and innovate in the crypto space before it’s left behind. However, not everyone shares this visionary stance. Enter Lee Jun-seok, the fiery torchbearer of the Reform Party, with a contrasting viewpoint that resonates with cautionary tales and vivid memories of past crypto mishaps.

Lee Jae-Myung設想了一個場景，韓國在留下加密貨幣空間中競爭並在加密空間中進行創新。但是，並不是每個人都分享這種有遠見的立場。輸入改革黨的火熱狂人李·朱塞克（Lee Jun-Seok），其對比的觀點與警告性的故事和對過去的加密貨幣不事的生動記憶產生了共鳴。

Lee Jun-seok’s skepticism is deeply rooted in the haunting events of 2022’s Terra-Luna collapse—a catastrophic event that unfolded when Terra’s stablecoins, including KRT, failed spectacularly. The debacle saw massive financial losses, leaving thousands of South Koreans heartbroken and wary.

李·朱塞克（Lee Jun-Seok）的懷疑源於2022年Terra-luna崩潰的令人困擾的事件，這是一次災難性的事件，當時Terra的Stablecoins（包括KRT）在包括KRT（包括Krt）的災難性事件中發生了驚人的失敗。崩潰造成了巨大的財務損失，使成千上萬的韓國人傷心欲絕。

As the dust settles on that turbulent chapter, Lee Jun-seok now vocalizes stark warnings against repeating past mistakes. He criticizes any move toward stablecoins that aren’t grounded in tangible assets. Highlighting Terra’s flawed model, which relied on a volatile sister coin to maintain the peg of its stablecoins, Lee Jun-seok asserts that stability in cryptocurrencies can’t be an illusion conjured through algorithms and market speculation.

當塵埃落定在那個動蕩的章節上時，Lee Jun-Seok現在發聲警告，以免重複過去的錯誤。他批評任何不基於有形資產的穩定幣的行動。 Lee Jun-Seok強調了Terra的有缺陷的模型，該模型依靠一個動蕩的姐妹硬幣來維持其穩定的釘子，他斷言，加密貨幣的穩定不能是通過算法和市場推測引起的幻想。

For him, the lesson from Terra is clear: Only real assets backing stablecoins are crucial to genuine stability, an assertion that ties into broader concerns in the U.S. and EU about stablecoins being used for illicit capital flows.

對他來說，來自Terra的課程很明顯：只有支持Stablecoins的真正資產對於真正的穩定至關重要，這一斷言與美國和歐盟有關用於非法資本流的穩定股的更廣泛關注。

Stepping into the discussion with a keen interest in economic philosophy, former Democratic Party lawmaker Kim Byeong-wook helps to differentiate between algorithmic extremes and the potential for stablecoins to contribute to a stable macroeconomic environment.

前民主黨議員Kim Byeong-wook以敏銳的興趣開始討論，有助於區分算法的極端，以及Stablecoins有可能為穩定的宏觀經濟環境做出貢獻的潛力。

He notes the international consensus—ranging from Washington to Brussels—that only collateralized stablecoins, backed by physical assets and operating with complete transparency, have the potential to earn the trust of multiple economies and regulators. These tokens, he asserts, represent a path forward, promising security through verifiable reserves and redemption guarantees.

他指出，從華盛頓到布魯塞爾的國際共識，只有在物理資產的支持下，並以完全透明的運作，有可能贏得多個經濟體和監管機構的信任。他斷言，這些代幣代表了前進的道路，通過可驗證的儲備和贖回保證來承諾安全。

While Lee Jae-myung and his supporters envision South Korea as a pioneering force in the digital asset space, Lee Jun-seok’s warnings demand a cautious approach. This debate isn’

Lee Jae-Myung和他的支持者將韓國視為數字資產空間中的開創性力量時，Lee Jun-Seok的警告要求採取謹慎的態度。這場辯論是