Korea Stablecoin Debate Shifts to Settlement Infrastructure, Not Issuance

As stablecoins move from a niche trading tool toward mainstream financial plumbing, the next battleground may not be issuance or consumer payments—but the ‘settlement infrastructure' that allows businesses to actually use them at scale, according to Oh Jong-wook, CEO of South Korea-based Wavebridge. In an interview conducted on Sunday ET (May 17), Oh argued that Korea's stablecoin debate is overly concentrated on who will issue a won-pegged token and how it might plug into card networks.