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

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

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

This is a short WorldPing brief. The full report was published by CoinDesk.

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