Won stablecoin could generate 26000 million dollars in annual economic value

A won-denominated stablecoin could create around 36000 billion won (26000 million dollars) in annual economic value, according to Moon Cheol-woo, a professor at Sungkyunkwan University’s business school. At a policy seminar in Seoul on Nov. 5, Moon presented a framework to estimate the economic value of introducing a won stablecoin by applying adoption and effectiveness rates to official baseline statistics across eight use cases. Under a base-case scenario with a 10% to 20% adoption rate, the annual economic value was estimated at about 36000 billion won. A conservative scenario with a 5% adoption rate estimated the value at 12000 billion won (8700 million dollars), while an optimistic scenario with a 30% adoption rate put the value at 72000 billion won (52000 million dollars)

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