The Bank of Korea warned on the 19th that the issuance of short-term treasury securities in order to activate the Korean won stablecoin may have a negative impact on financial marekt. This is equivalent to directly rejecting the necessity of short-term treasury securities issued by some people. The Bank of Korea made this position clear by submitting a written reply to the office of Cha Kyu-geun, a member of the Motherland Innovation Party of the National Assembly Planning and Finance Committee.
"The size and duration of treasury securities issuance should be determined according to the basic purpose of raising fiscal funds," Bank of Korea said. "It is inappropriate to consider issuing short-term treasury securities to meet specific market needs such as stablecoins."
In particular, Bank of Korea stressed: "The increase in short-term treasury securities issuance will increase the burden of refinancing issuance and market digestion, thereby weakening the stability of fiscal financing, which must also be considered."
Bank of Korea: Opposes issuing short-term treasury securities for cryptocurrencies
2025-08-19 05:43:30
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