Morning Edition · Tuesday, July 21, 2026Published at 1:29 AM EDT · New York
Bank of Korea Readies Live Central-Bank Digital Currency Test as Private Firms Push a Won Stablecoin
Nine commercial banks will trade tokenized won in September, even as HashKey, Kbank and BPMG sign an accord to build a won stablecoin for cross-border settlement.
South Korea is advancing public and private digital-money projects in parallel, a contrast that captures the wider tension between central banks and stablecoin issuers. The Bank of Korea is preparing live central-bank digital currency trans…
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Stablecoins Threaten Bank Deposits, Officials Push CBDCs
Central bankers and officials in developed economies increasingly warn that growing stablecoin adoption drains commercial-bank deposits and respond by advancing public digital currencies, making bank-disintermediation fears and CBDC counter-pitches a recurring policy dynamic rather than a one-off warning.
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