Korea Says Won Stablecoins Could Save $1.23B a Year Where Would Those Savings Actually Come From?
- South Korea estimates won stablecoins could save about $1.23 billion annually.
- Stablecoins could cut correspondent-bank hops, fees, and settlement delays.
- FX markups of 1.5%–3.5% and compliance checks would still remain.
South Korea’s push for a won stablecoin is gaining urgency as lawmakers consider legislation that supporters say could cut annual payment costs by 1.7 trillion won, or about $1.23 billion. The headline figure, presented by Korea Economic Research Institute senior fellow Lee Seung-seok, centers on shortening delays tied to international payments.
Following a KRW payment from a Korean sender to an overseas recipient shows where those savings could emerge, and which costs would continue even if settlement moved onto stablecoin infrastructure.
Where a KRW Cross-Border Payment Gets Expensive
A conventional overseas payment can take two to five…
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