Kim Hyung-jung, Director of the Cryptocurrency Research Center at Kookmin University, defined stablecoins not as simple cryptocurrencies but as 'digital government bonds', emphasizing that strengthening distribution infrastructure and raising capital requirements will determine the industry's success. He predicted that Korea could become the center of the global digital financial market through a strategy encompassing issuance and distribution.
At the Global Web3 Roadshow 'IXO™ Season 3' held at the Seoul Textile Center on the 25th, Kim Hyung-jung emphasized in his lecture on 'The Rise of Stablecoins and Korea's Response Strategy' that "Stablecoins are stable assets based on physical currency collateral, evolving from mere cryptocurrencies into digital financial infrastructure".
Regarding the stablecoin industry structure, he diagnosed that "The current perspective focused solely on issuance is narrow" and "Companies that dominate the distribution infrastructure like Visa or Mastercard will gain true global competitiveness". He further pointed out that "Korea's PG-centered infrastructure with its closed structure could become an obstacle to global expansion".
On the economic influence of stablecoins, he explained that "In 2024, Tether recorded profits comparable to Goldman Sachs, and its US Treasury holdings rank 19th globally" and that "USDT is utilized in 10% of Korean trade settlements, which could raise concerns even for foreign exchange authorities". He added that "Domestic exchanges have belatedly listed USDT, drawing the attention of financial authorities".
He also addressed global legislative trends. The director introduced that "The Genius Act passed by the US Senate allows issuance by both banks and private entities, applying federal-level regulations based on issuance scale, and defines bank subsidiaries as qualified issuers". He added that "Big tech companies are limited from entering the stablecoin market according to the principle of separating finance and industry".
Regarding domestic legislation, he warned that "While the Digital Assets Basic Law relaxed the capital requirement from 50 billion won to 5 billion won, this is far from securing international trust and can only operate at the level of local currency".
Finally, he emphasized that "Stablecoins are not speculative assets like Bitcoin, but trust-based safe assets like US Treasury bonds" and that "KRW stablecoins will provide an opportunity for Korea to become the center of digital finance through distribution and infrastructure expansion rather than issuance".
'IXO™ Season 3' is a Web3 conference focused on 'investment practice', held over two days on the 24th and 25th at the Seoul Textile Center. The event was co-hosted by blockchain media TokenPost and CoinLeaders, and co-organized by the decentralized data trust protocol 'Openledger'.
IXO™ presents a fundraising concept that goes beyond existing ICO, IEO, and IDO methods, being more Web3-friendly and community-centric. The first event in April last year drew over 1,000 participants, opening a new chapter in the Web3 community, and further expanded this trend in Season 2 in July with the theme 'Embrace the Future'.
The theme of Season 3 is 'Proof of Business'. It is designed as a practical Web3 conference that highlights only projects that have actually proven their actual usability, profitability, and user base, beyond technological vision and marketing.
Domestic and international blockchain experts, DAO operators, practical investors, researchers, and traders will participate, providing effective insights from an investor's perspective. The event is structured as a B2C roadshow with project booths, custody demos, and networking, expected to provide an opportunity for communities and individual investors to meet verified Web3 projects.
Registration for IXO™ Season 3 is possible through the Luma link. Real-time announcements and more details can be found through the following social media channels.
IXO™ 2025 Official Channels
Website https://www.ixo.day
Twitter https://twitter.com/ixo_day
LinkedIn https://www.linkedin.com/showcase/ixoday
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