#稳定币发行与生态 I recently discovered an interesting news while researching stablecoins: South Korea is drafting a digital asset bill that imposes particularly strict requirements on stablecoin issuers😳

It means that stablecoin issuers must deposit over 100% of the reserve funds in banks or trust institutions, so that in case of problems, investors' funds are protected. I didn't quite understand why stablecoins need special protection before, but now I get it—essentially, stablecoins are asset-backed, and if the issuer runs away or goes bankrupt, everyone's money is at risk.

But the funniest part is that within the government, there's still a debate over who should regulate this. The Financial Services Commission and the Central Bank have disagreements, so the bill won't be submitted until next year. It also reflects that the entire industry is still in the exploration stage, even regulatory agencies are figuring out how to balance innovation and safety😅

What does this mean for us newbies? I think it's a good sign—someone is taking this seriously. Although progress is slow, it at least indicates that stablecoins will become more regulated. Remembering that some stablecoins were considered quite risky before, now with such protective measures in place, entering the market feels more reassuring.

Can any experts explain what this reserve requirement for stablecoins directly means for us ordinary users?