Block Recap

South Korea’s Crypto Playbook: Stablecoins & the Digital Won


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South Korea now trades more crypto than stocks - with 19 million investors and daily volumes topping over $18 billion. But this isn't a free-for-all.

In this episode, we dive into the Digital Asset Basic Act (DABA) - Korea’s bold move to regulate stablecoins, exchanges, and the entire crypto ecosystem. From real-name trading to government-approved stablecoin issuers, Korea is crafting one of the world’s most comprehensive crypto frameworks.

We also compare it to the U.S. approach with the GENIUS Act, and explore what’s at stake: global digital money, financial sovereignty, and the role of the won in a USDT-dominated world.

Two countries. Two paths. One race to define the future of money.

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Block RecapBy On-chain host