South Korean presidential candidate Lee Jae myung proposes to issue a stablecoin based on the Korean won South Korean presidential candidate Lee Jae myung recently proposed a plan to issue a stablecoin pegged to the Korean won, aimed at curbing capital outflows and strengthening financial sovereignty. Li Zaiming pointed out at a policy discussion meeting that the current South Korean law prohibits the issuance of domestic stablecoins, resulting in domestic exchanges relying on USD stablecoins such as USDT and USDC. In the first quarter of 2025, the country's cryptocurrency exchanges recorded asset outflows of 56.8 trillion Korean won (approximately 40.8 billion US dollars), of which nearly half were related to foreign stablecoins.