AsianFin -- A senior official at South Korea’s central bank said it would be preferable to roll out won-denominated stablecoins gradually, starting with tightly regulated commercial banks.

Speaking on the growing role of stablecoins—cryptocurrencies designed to maintain a fixed value, typically pegged 1:1 to the U.S. dollar—the Bank of Korea’s senior deputy governor emphasized the need for a cautious and controlled approach.

Stablecoins are widely used by crypto traders for transferring funds between tokens and are increasingly being adopted by mainstream companies.