South Korea has taken the lead on the regulation of stablescoin. On June 10, the country exceeded the Basic act of digital assetsallowing companies to issue stables under clear rules – while the United States still finds it difficult to finalize its own legislation.
South Korea legalizes stablecoins
Under the new law:
- Companies can issue stablecoins with minimum capital of 5 million wons (~ 367,876 US).
- All stablecoins must be approved by the Financial Services Commission (FSC).
- Emitters must guarantee reimbursements via reserves to protect users.
This decision makes South Korea one of the first major economies to fully legalize the Stablecoins.
US Stablecoin Bill faces delays
Meanwhile, the United States is preparing for a long-awaited vote on its Genius. The bill aims at:
- Define the federal rules and at the level of the state for stablecoin issuers.
- Apply Silver anti-flow (AML),, Know your customer (KYC)And anti-fraud measures.
However, the political opposition remains.
Senator Elizabeth Warren warned:
“The bill invites crooks on the market …”
Senator Bill Hagerty replied:
“It is time that we provide the clarity and stability that our innovators need.”
Key differences: genius act vs digital asset basic act
| Functionality | Act Genius US | Korea of South Korea Digital Asset Basic Act |
| Scope | Stable payment only | All digital active ingredients + stablecoins |
| Approval authority | Federal for issuers> $ 10 billion; Declare for the little ones | All stablecoins require FSC approval |
| Compliance requirements | AML, KYC, anti-fraud, transparency | Transparency + reserve guarantees |
- Read also:
- Société Générale de France enters
- ,,
What is the next step? Tether and circle dominate
The global demand for Stablecoin is increasing:
- Market planned to strike $ 254 billion in 2025And 2 t $ by 2028.
- In South Korea, the stable merchant on five interior scholarships has already struck ₩ 57T.
- Worldwide, TETHER (USDT) And Circle (USDC) dominate with a 85% market share—Usdt to 150 billion dollarsUSDC at $ 16 billion.
While South Korea opens its market and the United States rushes to finalize its bill, the global landscape of Stablescoin is about to change dramatically.
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