[NICE] Issues Surrounding Stablecoins and Implications for Credit Ratings
Summary
본 문서는 스테이블코인 도입과 관련된 국내외 현황 및 이것이 한국 금융업권 신용위험에 미치는 영향을 분석하는 NICE신용평가의 특별 보고서입니다. 스테이블코인은 통화주권 확보, 지급결제 인프라 혁신, 디지털 경제 대응력 제고 등의 정책적 필요성으로 인해 국내 도입 논의가 가속화되고 있으며, 특히 원화 기반 스테이블코인은 투자 목적보다는 실생활 결제 및 송금 수단으로서의 역할이 강조될 것으로 전망됩니다. 보고서는 스테이블코인 활성화 시 은행과 저축은행에 부정적인 영향(예금 이탈 및 수익성 저하)을, 증권업에는 긍정적인 영향(토큰증권 연계 신사업 기회)을, 신용카드업 및 캐피탈사에는 제한적이거나 중립적인 영향을 미칠 것으로 분석합니다. 최종적으로 NICE신용평가는 제도화 경과와 실제 확산 수준 등을 지속적으로 모니터링하여 신용평가에 반영할 계획임을 밝히고 있습니다.
This document is a special report by NICE Credit Rating analyzing the domestic and international status of stablecoin adoption and its impact on credit risk within Korea's financial sector. Discussions on stablecoin adoption in Korea are accelerating due to policy necessities such as securing monetary sovereignty, innovating payment infrastructure, and enhancing digital economy responsiveness. Particularly, won-based stablecoins are expected to emphasize their role as a means for everyday payments and remittances rather than for investment purposes. The report analyzes that the activation of stablecoins will have a negative impact on banks and savings banks (deposit outflows and reduced profitability), a positive impact on the securities industry (new business opportunities linked to tokenized securities), and a limited or neutral impact on the credit card industry and finance companies. Finally, NICE Credit Rating states its plan to continuously monitor the institutionalization process and actual diffusion levels, reflecting these in its credit ratings.
Sources: NICE Rating
URL: https://www.nicerating.co.kr/research/issueReport.do
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.