News
Significance:
7/10

Bank of Korea Warns on Stablecoin Depeg Risks, Says Banks Should Lead

https://decrypt.co/346345/bank-of-korea-warns-on-stablecoin-depeg-risks-says-banks-should-lead

Vismaya V, Stephen Graves

Mentions

Regions

Code
Name
KR
🇰🇷South Korea

Sentiments

Target
Sentiment
Comment
Bearish
The Bank of Korea warns about depegging risks and lacks trust in private issuers.
Bearish
The report criticizes private stablecoin issuers and advocates for bank-led issuance.
Bearish
Cited as an example of a stablecoin that depegged during the Silicon Valley Bank crisis.