🦖South Korean Giants are Finally Entering the Web3 Stable Coin Arena.
1) Today, news broke that Toss(VivaRepublica), South Korea’s leading unlisted fintech unicorn, is preparing to launch its own mainnet and issue its own cryptocurrency.
2) https://t.co/Evq9WVWroI
3) For a long time, the Korean Web3 scene lacked "Big Companies."
4) Following the $LUNA collapse, draconian regulations essentially stifled any major corporate movement.
5) As a result, the domestic Web3 infrastructure was decimated, leaving the "Stablecoin Infrastructure" and "Payment Railways" as a complete vacuum—unclaimed territory waiting for a leader.
6) We are now anticipating a fierce battle among Big Tech and financial giants to seize this infrastructure:
7) Toss: Building an independent mainnet and ecosystem.
8) Naver Financial - Dunamu (Upbit): Strategic alliance between a platform giant and the top exchange. Building Giwa Chain
9) Mirae Asset - Korbit: Traditional financial capital entering the digital asset space.
10) Hashed: Scaling its own native mainnet, 'Maru'.
11) Why is this happening now?
12) The most critical signal comes from the top.
13) Shin Hyun-song, the incoming Governor of the Bank of Korea and former BIS Chief Economist, has made a significant pivot.
14) Previously bearish on the sector, he recently stated that "the coexistence of stablecoins and CBDC is possible."
15) https://t.co/GVnpldPo8U
16) The implications are clear: KRW-based stablecoins are now becoming a matter of national policy.
17) The regulatory floodgates are beginning to open, and the government's direction is shifting toward integration.
18) This is just the beginning. While the market remains bearish, institutions have been building their "Next Step" under the radar.
19) The next "Big Company"—a positive successor to the scale of $LUNA—is highly likely to emerge from the leaders of this stablecoin infrastructure.
20) The real game has just begun. While the market remains bearish, institutions are quietly preparing their next steps behind the scenes.
These are the stablecoin-related players listed on the KRX. While we don't know which one will take the crown yet, the ultimate winner is undoubtedly hiding in this lineup.
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