Discussion on institutionalising a won-backed stablecoin is expanding beyond who issues it to how to build real-world use cases and distribution infrastructure. Speakers at a National Assembly forum cited tokenised securities, cross-border payments and AI-based micropayments as potential demand sources, while calling for measures to ensure financial stability and user protection. Financial authorities and industry representatives stressed the need to consider redemption, reserve assets and trust, and to develop systems for exchange, circulation and settlement.