#稳定币市场发展 Korea's recent stablecoin legislation moves are quite interesting. 100% reserve segregation, no-fault compensation liability, bank trust custody—basically, they want to impose traditional financial risk control frameworks on stablecoins. From an investor protection perspective, it's definitely an improvement, but it also means the operational costs for stablecoins will significantly increase.

The key issue is that once this mechanism is implemented, it will reshape the market’s risk distribution. From a copying trader’s perspective, the stability of stablecoins has improved, and counterparty risk has indeed decreased, but new variables such as issuer qualification and approval cycles will emerge. The Financial Services Commission and the central bank are still arguing, and delaying submission until next year is reasonable—after all, the core issue involves whether exchanges can both issue and circulate tokens, so friction is inevitable.

My observation is that if this bill is truly passed, the Korean market will enter a phase of clear regulation but relatively limited liquidity. For copy traders, it will be necessary to reassess how Korean traders’ operational styles change under compliance pressures. The era of "wild growth" in the stablecoin market may be coming to an end, and strategies that rely on regulatory vacuum for profit will need to be quickly adjusted.