"Stablecoins to Become 'Digital Key Currency'"

Source
Korea Economic Daily

Summary

  • Professor Jongseop Lee from Seoul National University emphasized that stablecoins will establish themselves as key currencies on the internet.
  • Ki-Young Ju, CEO of CryptoQuant, evaluated the market outlook optimistically, stating that institutional investor demand is driving Bitcoin prices.
  • Sanha Kim, CEO of Bloomingbit, emphasized that strategic selling timing is crucial in altcoin investment.

Global 'Digital Money War'

Emerging Countries in South America and Africa Surpass National Currencies

Prepare Policies for Korean Won Stablecoins

Timing is Crucial for Altcoin Sales

"The digital money war is likely to expand around stablecoins. It's time to prepare policies for Korean Won stablecoins."

Professor Jongseop Lee from Seoul National University's Business Administration Department (pictured) said at the 'Virtual Asset Investment Insight Forum 2025' held at Conrad Hotel in Yeouido, Seoul, on the 25th, "The digitalization and tokenization of traditional finance is an unstoppable trend."

In his presentation on 'Changes and Innovations Driven by Stablecoins,' Professor Lee emphasized, "With inflation and increasing debt threatening currency value, the preference for dollar-based stablecoins is rapidly increasing," and "Stablecoins will establish themselves as key currencies on the internet." He continued, "A time has come when you can purchase stablecoins, known as digital dollars, anytime and anywhere with just a smartphone connected to the internet," and explained, "In emerging countries in South America and Africa, which prefer fixed exchange rates, stablecoins linked to the dollar value already show a market share surpassing national currencies."

Experts see the presence of virtual assets in the financial market growing even larger. Ki-Young Ju, CEO of CryptoQuant, in his presentation on 'The Future of Virtual Assets Seen Through Data,' stated, "More than 4.8 million mining machines are operating worldwide, and the number is increasing," and evaluated, "The long-term market outlook for virtual assets is optimistic." He added, "Institutional demand is driving prices," and "The proportion of Bitcoin held by the largest holder, U.S. Strategy, ETFs, and government institutions has sharply increased over the past two years." However, according to market analysis results based on changes in the number of custody wallets, CEO Ju explained that the current market situation is on the borderline between a bull and bear market.

Various practical investment advice was also shared. Sanha Kim, CEO of Bloomingbit, emphasized, "You should not fall in love with the cryptocurrency you bought," and "You need to carefully observe whether insiders (cryptocurrency issuers) are actually accumulating or selling quantities to determine the timing of investment." In the domestic market, where the proportion of altcoin investment is the highest in the world, he pointed out that 'strategic selling timing' is the most important investment point. Goran, CEO of the Algoran YouTube channel, warned against altcoin investment. CEO Goran said, "Altcoins rise in an instant, but after that, they are followed by the pain of decline and stagnation," and "Unlike Bitcoin, which has experienced a bull market every four years, there are quite a few altcoins that have not recovered their previous highs over time."

Reporter Jaewon Park/Suhyun Lee, Bloomingbit Reporter wonderful@hankyung.com

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Korea Economic Daily

hankyung@bloomingbit.ioThe Korea Economic Daily Global is a digital media where latest news on Korean companies, industries, and financial markets.
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