领先的法律和财务专家警告政治领导人，稳定的采用计划对韩国经济构成了危险。

以美元为基础的稳定币可能会对汇率和法定货币产生影响。

Leading legal and financial experts have cautioned political leaders that plans to adopt stablecoins pose a danger to the South Korean economy.

领先的法律和财务专家警告政治领导人，计划采用稳定的人对韩国经济构成危险。

Experts say that US dollar-based stablecoins could have an impact on exchange rates and fiat currencies.

专家说，以美元为基础的稳定股币可能会对汇率和法定货币产生影响。

The comments came at a digital assets-themed meeting of the Korea Economic Association at the FKI Tower Conference Center in Yeouido, Seoul, on May 19.

评论于5月19日在韩国Yeouido的FKI塔会议中心举行的以数字资产为主题的会议上发表。

The FKI Tower Conference Center in Yeouido, Seoul, South Korea. (Source: FKI TV/YouTube/Screenshot)

位于韩国首尔Yeouido的FKI塔会议中心。 （来源：FKI电视/YouTube/屏幕截图）

An expert panel expressed concerns about the possible proliferation of dollar-based stablecoins in South Korea.

一个专家小组对韩国的美元基础稳定蛋白可能扩散表示担忧。

The panel argued that stablecoin usage would reduce the volume of won-based payments made by both individuals and corporations in South Korea.

小组认为，稳定的使用将减少韩国个人和公司的基于赢的款项的数量。

It also claimed that the central Bank of Korea (BOK) could suffer as a result. The BOK, experts said, could lose the ability to manage money supplies or intervene in the foreign exchange markets.

它还声称韩国中央银行（BOK）可能会遭受损失。专家说，BOK可能会失去管理货币供应或干预外汇市场的能力。

The BOK has made similar statements in recent days, in response to stablecoin-related manifesto pledges from the leading presidential candidate Lee Jae-myung.

最近几天，BOK发表了类似的陈述，以回应与总统候选人Lee Jae-Myung的与Stablecoin相关的宣言承诺。

Seoul shares open lower following US sovereign rating downgrade — The Korea Herald (@TheKoreaHerald)

在美国主权评级降级后，首尔分享了较低的公开率 - 韩国先驱报（@thekoreaherald）

Lee Jae-myung has pledged to launch a KRW-pegged stablecoin if he is elected President on June 3. Members of his party, the Democratic Party, have also argued that financial regulators – and not the BOK – should have the final say on stablecoin issuance.

如果李在6月3日当选总统，他的政党成员（民主党）也认为，金融监管机构（而不是BOK）应该对Stablecoin发行有最终决定权。

But others want to use existing stablecoins in their adoption plans. They claim that failing to adopt is hampering Seoul’s tech competitiveness.

但是其他人希望在其采用计划中使用现有的稳定币。他们声称未能采用的是阻碍首尔的技术竞争力。

These advocates favor allowing South Korean firms and payments companies to work with high-cap stablecoins like USDT and USDC.

这些倡导者赞成允许韩国公司和付款公司与USDT和USDC等高额股份稳定公司合作。

However, Lee Seung-seok, a senior researcher at the Korea Economic Research Institute, warned:

但是，韩国经济研究所的高级研究员Lee Seung-Seok警告：

“If dollar-based stablecoins become established as a means of payment in South Korea, this could bring about structural changes in the won/dollar exchange rate determination mechanism. Exchange rates could soar due to a drop in KRW demand and an increase in demand for foreign currency.”

“如果以美元为基础的稳定股作为韩国的付款手段，这可能会带来won/美元汇率确定机制的结构性变化。由于KRW需求的下降和对外币需求的增加，汇率可能会飙升。”

The researcher added that dollar-based stablecoins allow for rapid capital mobility. He added that their decentralized nature “could result in large-scale capital outflows in the event of a crisis.”

研究人员补充说，以美元为基础的稳定稳定性允许快速资本流动性。他补充说，他们的分散性质“在发生危机时可能会导致大规模的资本流出”。

The market cap of USDC over the past month. (Source: CoinMarketCap)

在过去一个月中，USDC的市值。 （来源：CoinMarketCap）

Kim Hyo-bong, a former Financial Supervisory Service official, said that Washington and Brussels were both likely to launch stablecoin legislation in 2025. Kim said:

前金融监督服务官员金·霍·邦（Kim Hyo-Bong）说，华盛顿和布鲁塞尔都可能在2025年发起Stablecoin立法。金说：

“South Korea should also make sure it acts in line with global trends.”

“韩国还应确保它与全球趋势保持一致。”

Kang Tae-soo, a visiting professor at the KAIST Graduate School of Finance and a BOK Monetary Policy Committee member, said that stablecoins offer firms advantages in the payment and settlement spaces.

KAIST金融学研究生院，BOK货币政策委员会成员Kang Tae-Soo说，Stablecoins为付款和和解空间提供了优势。

But Kang concurred that stablecoins were difficult to control. He said they could sow uncertainty in the monetary and foreign exchange policy sectors.

但是Kang同意难以控制稳定的。他说，他们可能会在货币和外汇政策部门播种不确定性。

The academic argued that the BOK and the government needed to ensure adoption plans “minimize side effects and maximize advantages.”

该学者认为，BOK和政府需要确保采用计划“最大程度地降低副作用并最大化优势”。

However, others warned against the dangers of over-regulation. Namgung Joo-hyun, an Associate Professor of Commercial Law at Sungkyunkwan University, said that the “global digital asset paradigm is rapidly changing.” He said:

但是，其他人警告不要过度监管的危险。 Sungkyunkwan大学商法副教授Namgung Joo-Hyun说，“全球数字资产范式正在迅速变化”。他说：

“We must take steps to ensure South Korea does not end up isolated due to excessive regulations. We need to establish a financial framework that provides both international consistency and industrial competitiveness.”

“我们必须采取措施，以确保韩国由于法规过多而不会被隔离。我们需要建立一个提供国际一致性和工业竞争力的财务框架。”

Foreign direct investment in Korea fell four notches in 2024 from a year earlier, ranking 17th among the world’s top 30 economies, data from the Bank of Korea (BOK) showed Sunday. — The Korea Times (@koreatimescokr)

韩国银行（BOK）的数据显示，在2024年，外国直接投资在2024年的四个档次中排名第17位。 - 《韩国时报》（@koreatimescokr）

A War of Words

言语战争

Meanwhile, the presidential candidates’ stablecoin war of words continues. During the first televised debate between the four leading candidates for the June 3 poll, Lee Jae-myung reiterated his commitment to launching a KRW-pegged coin.

同时，总统候选人的言语战争仍在继续。在6月3日民意调查的四个主要候选人之间的第一次电视辩论中，李·梅·蒙（Lee Jae-Myung）重申了他致力于发起KRW-Peggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggnggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggn股份。

The four leading candidates for the South Korean presidential election meet for a televised debate. (Source: JTBC/Screenshot)

韩国总统大选的四个主要候选人开会进行了电视辩论。 （来源：JTBC/屏幕截图）

But reported that Lee Jun-seok, of the rival Reform Party, challenged the frontrunner on the matter.

但据报道，竞争对手改革党的李·朱尼克（Lee Jun-Seok）就此事提出了挑战。

Lee Jae-myung refuted Lee Jun-seok’s challenge, claiming that “stablecoins based on fiat won collateral are stable.”

Lee Jae-Myung驳斥了Lee Jun-Seok的挑战，他声称“基于菲亚特赢得的抵押品稳定的稳定者”。

However, Lee Jun-seok claimed that there were “no use cases” for any sort of stablecoins that use a peg other than the USD.

但是，Lee Jun-Seok声称，对于使用USD以外的任何其他PEG，没有任何类型的Stablecoins“没有用案例”。

He continued, explaining that USDC and USDT, combined, “account for 90% of the stablecoin market.” Lee Jun-seok asked the frontrunner what measures he would take “to prevent the illegal circulation of stablecoin funds, such as remittances to North Korea.”

他继续解释说，USDC和USDT总结了“占Stablecoin市场的90％”。 Lee Jun-Seok问Frontrunner，他将采取的措施“防止非法流通Stablecoin资金，例如汇款到朝鲜”。