In a news brief published on November 12, 2026, at 13:30 (UTC+8), Odaily reported that South Korea was considering a model in which banks would lead the issuance of won-denominated stablecoins. It also reported that exchanges and payment platforms would compete for the deposit and settlement market.
The brief did not say whether the model had been adopted or explain how deposits and settlement would work for users. Those details remain unclear from this report.