Stablecoins could save South Korean merchants up to $3.8 billion a year, budget office says
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South Korea’s budget office estimates stablecoin adoption could save merchants up to $3.8 billion annually by cutting transaction fees, but warns that widespread use may diminish banks’ credit‑intermediary role and threaten token peg stability during mass redemptions; consequently regulators could tighten oversight, while investors watch for price volatility and potential shifts in the domestic payments ecosystem.
South Korea’s budget office warned that stablecoin adoption could reduce banks' roles as credit intermediaries and potentially destabilize token pegs during mass redemptions.