"Korea's Leap Towards Digital G2"... Emphasis on 'WonStableCoin' Ecosystem in the Political Arena

Hashed Open Research Forum 'The First Step Towards Digital G2'

Political and Industry Leaders Discuss Digital Asset Expansion Strategies

Kim Seo-joon: "It's a Golden Opportunity for Korea to Become a Digital Asset Powerhouse"

Min Byung-deok: "We Must Foster 'WonStableCoin' to Block the 'DollarStableCoin' Invasion"

Key figures from the political and digital asset sectors discussed the core tasks for Korea's leap into a powerhouse in the digital asset industry at the 'Korea Initiative, The First Step Towards Digital G2' forum, held on the 7th at the Hashed Lounge in Gangnam, Seoul.

Kim Seo-joon, CEO of Hashed and one of the forum's congratulatory speakers, said, "With the advent of digital assets, new rules are being established for how humans should live." He added, "In the borderless digital era, I believe Korea can become a Digital G2 nation alongside the United States." He continued, "Since last year, Hashed has been proposing the 'Digital G2' initiative with this sense of mission in mind." He emphasized, "Now, as it has become a zeitgeist rather than a mere catchphrase, Korea is faced with a golden opportunity to become a designer—not a follower—in the digital asset hegemony race."

He added, "Today's forum goes beyond simple concepts, serving as a venue to discuss how Korea can lead trends regarding digital citizenship, stablecoins, and the infrastructure that will host digital assets." He expressed his hope: "I hope this will serve as an opportunity to jointly draw a strategic blueprint for Korea to become a rule-maker in the digital order."

Min Byung-deok of the Democratic Party of Korea stated, "Digital assets are a key infrastructure that links the global capital market with the real economy." He emphasized, "The Won-based stablecoin, so-called 'WonStableCoin,' is like a fortress against the digital invasion of the dollar-based stablecoin, 'DollarStableCoin.'"

He said, "The United States is aggressively pushing stablecoin policies to maintain the hegemony of the dollar as its own currency," and explained, "Korea must also respond by formulating strategies that make the Won-based stablecoin the most effective weapon to defend Korea’s digital sovereignty."

He continued, "Through the 'WonStableCoin ecosystem'—which combines various technologies such as smart contracts, NFTs, and DeFi—new added value can be created." He noted, "K-pop idol goods and fandom-based fan tokens, which are linked to this, will not only make digital assets more mainstream but also accelerate the globalization of Korean content." He expressed confidence: "If we present a clear ecosystem roadmap and nurture digital assets as a new driver of national growth, Korea will surely ascend as a true Digital G2 nation."

Ahn Do-geol, a lawmaker with the Democratic Party, remarked, "Stablecoins are not merely tools but are currencies that are establishing a new order." He continued, "We are used to taking cash out of our wallets every day, but now is the time to reflect on how money has changed the structure of the world." He added, "If coins in the past created markets and banknotes drove banks, factories, railroads, and global trade, then stablecoins are now reorganizing the digital world."

Ahn stated, "Since all transactions with stablecoins are recorded on the blockchain, they are more transparent and easier to trace than cash." While he acknowledged concerns about criminal misuse, he explained, "Such risks are being sufficiently controlled internationally through regulations like KYC, AML, and the Travel Rule." He concluded, "The key is according to what standards they are issued. If the state itself manages them, both technological innovation and monetary policy can be pursued together." He added, "We now stand at the doorstep of a new currency called stablecoin, and this technology will serve as the foundation for a fairer, broader world."

Lee Kwang-jae, former Secretary General of the National Assembly, said, "A few years ago, society didn’t believe Bitcoin could reach ₩10,000,000, but now, we've come to accept digital assets evolving into currency." He explained, "Digital assets are securing trust on par with fiat currencies by their own momentum, and stablecoins are the mediators of this transition." He said, "Stablecoins play the role of a stepping stone connecting volatile digital assets and stable fiat currencies, and are a core technology driving the evolution to digital money."

He also proposed building a Korean-style digital economic platform based on the Won-based stablecoin. He said, "If EBS content is trained with AI and supplied to places like Africa and traded in stablecoin, Korea could become the world's top educational platform." He added, "Remote medical services could also enter the global market in areas like consultation fees, prescriptions, and insurance claims by using the Won-based stablecoin as a foundation."

He went on to say, "Digital assets are at the core of national strategy, and the evolution of money is a major turning point in human history." He concluded, "Just as a country that implements international standards first becomes the leader, government–private sector cooperation must be strengthened to build national competitiveness based on digital assets."