South Korea’s Political Heavyweights Square Off Over Stablecoin Bills

South Korea’s two largest political parties have taken center stage, unveiling rival stablecoin bills in the country. The prohibition of interest payments on stablecoins has become the most contentious issue in the stablecoin bills. Lawmakers from both the ruling Democratic Party (DP) and the opposition People Power Party (PPP) introduced legislation in late July 2025.. The post South Korea’s Political Heavyweights Square Off Over Stablecoin Bills appeared first on 99Bitcoins.

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Jul 29, 2025 - 23:00

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South Korea’s two largest political parties have taken center stage, unveiling rival stablecoin bills in the country. The prohibition of interest payments on stablecoins has become the most contentious issue in the stablecoin bills.

Lawmakers from both the ruling Democratic Party (DP) and the opposition People Power Party (PPP) introduced legislation in late July 2025 that could pave the way for won-backed stablecoins.

According to local news report published on 28 July 2025, “the ruling party believes that interest payments should be banned to prevent market disruption, while the opposition party believes that it is necessary to increase the competitiveness of won stablecoins.”

Each proposal reflects diverging philosophies on innovation, protection and monetary sovereignty.