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Stablecoins could save South Korean merchants up to $3.8 billion a year, budget office says

South Korea’s budget office warned that stablecoin adoption could reduce banks' roles as credit intermediaries and potentially destabilize token pegs during mass redemptions.

Photo: CoinDesk

South Korea’s budget office warned that stablecoin adoption could reduce banks' roles as credit intermediaries and potentially destabilize token pegs during mass redemptions.

Originally published by CoinDesk. Read the full story at the source →

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