Deloitte Korea Says Stablecoins Are No Longer Optional for Corporate Competitiveness

“Stablecoins, or digital assets pegged to fiat currencies, have moved beyond technological innovation and are becoming essential to corporate global competitiveness. Stablecoins are no longer a matter of choice. They are now a pillar of corporate competitiveness.”

Hong Jong-seong, chief executive officer of Deloitte Korea, made the remarks at "The Frontier: Global Business Strategy in the Stablecoin Era" summit held in Seoul's Yeouido district on April 15.

The event was hosted by Deloitte and Tiger Research, with Avalanche (AVAX) as sponsor.

Hong said stablecoins could create significant opportunities for companies operating globally. He cited more efficient cross-border payments, real-time treasury operations and liquidity management, and new digital financial service models as the main benefits.

“As stablecoins are a new form of infrastructure, companies also need to change the way they view them,” Hong said. “A new approach is needed in accounting, tax and risk management.”

At the same time, he said companies face the risk of uncertainty as the digital-asset market undergoes a broader paradigm shift. Discussions on formalizing rules for stablecoins, which have drawn attention since last year, are still under way. The reality is that institutional progress remains slow compared with the pace of market and technological change.

Even so, Hong said companies need to keep making efforts at the corporate level. Many firms are continuing to explore business opportunities and turn new possibilities into reality despite the uncertainty, he said, adding that such accumulated experience is essential to advancing the industry to the next stage.