A South Korean lawmaker urged the government to accelerate the legalization and widespread adoption of stablecoins.

According to a report by Cryptopolitan, a South Korean lawmaker urged the government to collaborate with traditional financial institutions to accelerate the legalization and adoption of stablecoins. The lawmaker also warned that if South Korea delays, it risks falling behind as global payment standards evolve. The lawmaker pointed out that stablecoins have become an irreversible trend in the South Korean financial system. "The question is no longer whether stablecoins should be launched; the only question now is how quickly and how well we should launch them," the lawmaker stated, describing stablecoins as an essential tool for cross-border payments, trade settlements, and remittances.