South Korea’s central bank governor, Rhee Chang-yong, emphasized the urgency of addressing Central Bank Digital Currencies (CBDCs) during the 2023 MOEF-BOK-FSC-IMF International Conference on Digital Money. Stablecoins’ surge raises systemic concerns Governor Chang-yong expressed apprehensions about the burgeoning popularity of stablecoins in the country, warning that their widespread adoption as a digital payment method could