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New
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New
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Simple Earn
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Auto-invest on a regular basis
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VIP Wealth Hub
New
Customized wealth management empowers your assets growth
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Customized asset management to grow your digital assets
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Top asset management team helps you profit without hassle
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HOT
Stake BTC and earn 10% APR
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New
Use USDT/USDC to mint GUSD for treasury-level yields
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- 💥 Gate Square Event: #PostToWinPIGGY 💥
Post original content on Gate Square related to PIGGY or Launchpool for a chance to share 200 PIGGY rewards!
📅 Event Period: Oct 30, 2025, 10:00 – Nov 6, 2025, 16:00 (UTC)
📌 Related Campaign:
Launchpool 👉 https://www.gate.com/announcements/article/47886
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🥇 1st Prize (1 winners): 40 PI - 🚀 Gate Square Creator Certification Incentive Program Is Live!
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Korea's new president Lee Jae-myung fulfills campaign promises and opens the green light for stablecoin issuance.
Gate News bot news, South Korea’s new president Lee Jae-myung is quickly fulfilling his campaign promises by allowing local companies to issue stablecoins, further promoting one of the world’s most active digital asset markets. Lee Jae-myung has publicly supported the adoption of stablecoins.
On Tuesday, the ruling party, the Democratic Party, where Lee Jae-myung is affiliated, proposed the “Basic Law on Digital Assets” aimed at increasing transparency and encouraging competition in the cryptocurrency industry.
According to the bill, if a South Korean company has a capital of at least 500 million won (367,876 USD) and ensures refunds through reserves, it can issue stablecoins. South Korea has become a hotbed for cryptocurrency activity, with over one-third of the population (about 18 million people) participating in the digital asset market. At times, the trading volume of domestic cryptocurrency exchanges has even surpassed that of the Korea Composite Stock Price Index (KOSPI) and the Korea Securities Dealers Automated Quotations (KOSDAQ) index.
Source: Jinshi