South Korea’s Biggest Parties Roll Out Stablecoin Bills, Clash on Interest Payment Plans

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Lawmakers from South Korea’s two biggest political parties have unveiled stablecoin bills. The bills’ authors concur on many points, but interest payment plans appear to be a sticking point. The South Korean media outlet Newsprime reported that the ruling Democratic Party (DP) and the main opposition People Power Party (PPP) both unveiled their bills, authored by individual lawmakers, on July 28. The DP MP An Do-geol’s bill is named the Act on the Issuance and Distribution of Value-Stable Digita...