Ando Geol: "Stablecoins Must Be Addressed from a Monetary Sovereignty Perspective"

Ando Geol, a member of the Democratic Party of Korea, stated on the 27th that "(Stablecoins) must be addressed from the perspective of monetary sovereignty."

At the Democratic Party's Economic Growth Committee 'Digital Asset Industry On-Site Policy Meeting' held at the Upbit Lounge in Gangnam-gu, Seoul, Ando said, "Stablecoins are already functioning as a means of payment and digital currency."

Ando emphasized the potential for the expansion of stablecoin adoption. He stated, "Due to convenience, (stablecoins) will continue to spread," and added, "Advanced countries like the United States are already rushing to legislate and reform systems based on a change in perspective."

He also expressed his intention to foster the virtual asset industry. Ando said, "(Virtual assets) are one of the important growth engines," and "We must not fall behind in the international trend." He continued, "There is a recognition that we need to open a new path as a financial investment nation," and added, "We must create conditions where we can advance on the global (virtual asset) stage."