"Accelerating Stablecoin Adoption"... Asia Stablecoin Alliance Officially Launched

As discussions on the introduction of a Korean won stablecoin are gaining momentum, the Asia Stablecoin Alliance (Asia Stablecoin Alliance, ASA) officially announced its launch on the 23rd.

ASA was established by Lim Jong-kyu, who oversees Korean operations for LayerZero, a cross-chain blockchain communication protocol; Kang Hee-chang and Bok Jin-sol, co-founders of the blockchain research firm Four Pillars. Going forward, ASA aims to promote the adoption and acceptance of stablecoins across Asia and function as a collaborative platform for developing clear regulatory frameworks and reliable technical infrastructure.

Asia is already a region with high adoption rates for digital payments and mobile finance, and due to its active cross-border trade and remittance flows, it is seen as a market with significant potential for stablecoin commercialization. In particular, key countries such as South Korea, Hong Kong, Singapore, and Japan have recently accelerated efforts to establish legal frameworks and improve regulations for stablecoins.

ASA aspires to act as a 'hub' where technology companies, financial institutions, and policy authorities can cooperate and exchange information across borders. To that end, it will share regulatory cases and technical success models from each country, and operate with a structure that encourages active participation from startups, researchers, and policymakers within an open network.

Lim Jong-kyu, Korea Head of LayerZero, said, "Asia already has ideal conditions for digital finance and stablecoin innovation," adding, "ASA will become a central organization facilitating collaboration across technology, policy, and infrastructure."

Kang Hee-chang, co-founder of Four Pillars, commented, "While discussions about stablecoins are taking place actively in Asia, there is a lack of technological and strategic research foundations," and continued, "ASA will develop into a practical cooperative body that accelerates actual adoption through in-depth research and case studies." He added, "We welcome the participation of all individuals and companies engaged in the stablecoin sector or interested in the development of related technology and policy research."

Lorenzo, co-founder of USDT0, said regarding the launch of ASA, "Now is a golden opportunity for Asia to secure leadership in global digital finance," and added, "If the government and private sector cooperate through ASA and establish clear regulatory environments and technical infrastructure, Asia will rise as a key leader in the global stablecoin market."