21 Global Banks Including Goldman and Citi to Launch Stablecoin, but Korea Is Left Out

Twenty-one global banks including Goldman Sachs, Citi, and Deutsche Bank are launching stablecoins pegged to major currencies like the dollar and euro, while no Korean banks participate due to Korea's delayed stablecoin legislation. Korea's lack of regulatory framework stalls domestic adoption and risks ceding monetary sovereignty to foreign stablecoins.

This Wire brief sits within Fusion42's coverage of Fintech.