South Korea\'s Democratic Party reiterated its intent to enact a digital asset framework act within the year, saying a legal basis should come first and be supplemented later. Lawmaker Min Byung-deok said delays are leaving the country without adequate rules as global markets move quickly. Another lawmaker, Ahn Do-geol, called for formalising digital asset-linked products with investor protections and cited issues such as volatility, trading-hour gaps and on-chain risks. He also highlighted stablecoin legislation and plans for hearings.

Zach Abrams, founder and CEO of stablecoin issuer Open Standard, said stablecoins can be as stable as cash, profitable and transferable online, but are not being used effectively for transactions. He cited hurdles in card settlement, institutional trading, corporate treasury management and fintech infrastructure. Abrams said Open Standard is focused on solving these issues with OpenUSD by sharing reserve income, charging small per-transaction fees and imposing no withdrawal fee.