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Bank of Korea: US Dollar Stablecoin Trading May Push Down Local Currency Exchange Rate
1 day ago /
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Author：小编
The Bank of Korea released a report stating that the widespread adoption of US dollar-pegged crypto assets could exert downward pressure on local currency exchange rates. An increase in their penetration rate would allow demand shocks for stablecoins to be transmitted through foreign exchange transactions, disrupting liquidity in domestic financial markets, particularly when markets are open. The report recommends that regulators monitor the flow of funds in crypto assets, establish a transparent reserve audit mechanism for stablecoins, and strengthen policy coordination with major central banks to maintain macroeconomic and financial stability.
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