[HashedOpenResearch] Blueprint for KRW Stablecoin
Summary
해당 보고서는 한국의 원화 스테이블코인 설계 전략을 제시하며, 은행 기반 모델의 한계를 지적하고 자본시장 기반 프레임을 대안으로 강조합니다. 보고서는 스테이블코인을 둘러싼 구조 논쟁을 다루며, USDC나 USDT와 같은 자본시장 기반 모델이 확장성, 리워드 설계, 기술 혁신 측면에서 구조적 우위에 있다고 분석합니다. 또한, 스테이블코인이 결제, 송금, 은행 간 정산, 거래소 통화 등 다양한 분야에서 어떻게 활용되는지 해외 사례를 들어 상세히 설명하고, 회계, 세무, 제도적 문제점 및 개선 방향을 논의합니다. 궁극적으로 보고서는 한국이 디지털 통화 질서에서 경쟁력을 확보하기 위해 자본시장 기반의 설계와 민간 주체의 참여가 필수적임을 역설합니다.
This report presents a design strategy for a Korean won stablecoin, pointing out the limitations of bank-based models and emphasizing a capital market-based framework as an alternative. The report addresses the structural debate surrounding stablecoins, analyzing that capital market-based models like USDC or USDT hold structural advantages in terms of scalability, reward design, and technological innovation. It also details how stablecoins are utilized in various fields—including payments, remittances, interbank settlements, and exchange currencies—citing overseas cases, and discusses accounting, tax, and institutional issues along with improvement directions. Ultimately, the report emphasizes that capital market-based design and private sector participation are essential for Korea to secure competitiveness in the digital currency order.
Sources: Hashed Open Research
URL: https://www.hashedopenresearch.com/
Summary: Gemini and Notebook LM
Translation: DeepL
Disclaimer
This article is intended solely for informational purposes and does not constitute investment advice or a solicitation to buy or sell any financial instrument. All investment decisions remain the sole responsibility of the reader. The publisher and author disclaim any liability for errors in translation or summarization, as well as any losses arising from reliance on this information.