Coindesk reporter sharply commented on KRW1 Korean won stablecoin: Stablecoins only used for domestic transactions are meaningless
Source: Odaily
Time: 2025-09-18 14:06:07
Odaily Planet Daily News Coindesk senior market reporter Sam Reynolds posted a sharp comment on the Korean won stablecoin KRW 1 on X platform, saying, "'Startup' means - it's still in the proof-of-concept stage and is not circulated or publicly on the exchange. Also, when it is publicly available, it will only be used for domestic transactions. Even so, domestic transactions are instant and almost free in South Korea, what's the point? Upbit and Bithumb both have deep Korean won liquidity, without stablecoins. In short, the only two currencies designed for supranational use are the US dollar and the euro. No other countries want their currencies to be used for international transactions that have no connection to their own countries."