South Korea sees up to $3.8B savings from won stablecoins

South Korea's National Assembly Budget Office said won-denominated stablecoins could save merchants up to $3.8 billion annually in payment fees, according to CoinDesk. The projection argues that local-currency pegged stablecoins can cut the costs merchants currently absorb on card and payment processing.

• The estimate frames won stablecoins as a cheaper settlement rail for domestic payments.
• No policy proposal or issuer details were included in the report.