韩国的Stablecoin辩论：塑造数字金融的未来

在韩国的政治喧嚣中，一场激烈的辩论爆发了胜利的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.

在韩国即将举行的选举中热闹的喧嚣中，一场激烈的辩论爆发了胜利的Stablecoin。但是这种冲突不仅是当地的争吵。它标志着加密货币叙事中的重要一章，为全世界的经济体提供了宝贵的教训。

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.

这个愿景的核心是民主党的经验丰富的领跑者李·耶·蒙（Lee Jae-Myung）。他梦想着一个未来，韩国率领稳健的稳定市场，保护民族财富免受国际边界的消散。这个主张是在数字货币无缝编织到全球经济结构的时候。

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设想了一个场景，韩国在留下加密货币空间中竞争并在加密空间中进行创新。但是，并不是每个人都分享这种有远见的立场。输入改革党的火热狂人李·朱塞克（Lee Jun-Seok），其对比的观点与警告性的故事和对过去的加密货币不事的生动记忆产生了共鸣。

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）的怀疑源于2022年Terra-luna崩溃的令人困扰的事件，这是一次灾难性的事件，当时Terra的Stablecoins（包括KRT）在包括KRT（包括Krt）的灾难性事件中发生了惊人的失败。崩溃造成了巨大的财务损失，使成千上万的韩国人伤心欲绝。

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.

当尘埃落定在那个动荡的章节上时，Lee Jun-Seok现在发声警告，以免重复过去的错误。他批评任何不基于有形资产的稳定币的行动。 Lee Jun-Seok强调了Terra的有缺陷的模型，该模型依靠一个动荡的姐妹硬币来维持其稳定的钉子，他断言，加密货币的稳定不能是通过算法和市场推测引起的幻想。

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.

对他来说，来自Terra的课程很明显：只有支持Stablecoins的真正资产对于真正的稳定至关重要，这一断言与美国和欧盟有关用于非法资本流的稳定股的更广泛关注。

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.

前民主党议员Kim Byeong-wook以敏锐的兴趣开始讨论，有助于区分算法的极端，以及Stablecoins有可能为稳定的宏观经济环境做出贡献的潜力。

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，从华盛顿到布鲁塞尔的国际共识，只有在物理资产的支持下，并以完全透明的运作，有可能赢得多个经济体和监管机构的信任。他断言，这些代币代表了前进的道路，通过可验证的储备和赎回保证来承诺安全。

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和他的支持者将韩国视为数字资产空间中的开创性力量时，Lee Jun-Seok的警告要求采取谨慎的态度。这场辩论是