Bank of Korea Governor Shin Hyun-song has called for the rapid advancement of legislation concerning Korean Won (KRW) stablecoins. Speaking at a National Assembly meeting, Shin emphasized the need to expedite the development of related systems and the "Digital Asset Basic Act." He highlighted the potential for a competitive and complementary relationship between stablecoins, deposit tokens, and central bank digital currencies (CBDCs). Shin advocates for a bank-led issuance of stablecoins to ensure stability and integration within the financial system.