新研究表明，穩定幣應視為付款工具和投資資產。

根據最近的一份報告，與韓國冠軍相關的穩定幣可能會使韓國在全球穩定比賽中更加強大。

Stablecoins are increasingly used as both payment tools and investment assets, suggesting the need for a broader regulatory framework, according to a new research.

根據一項新的研究，穩定幣越來越多地用作支付工具和投資資產，這表明需要更廣泛的監管框架。

The report, titled "Launching a Korean Won Stablecoin: Implications and Considerations," was written by crypto investment firm Hashed’s research arm Hashed Open Research and commissioned by crypto startup Four Pillars. It was published on Mar. 24.

該報告的標題為“推出韓國贏得的Stablecoin：含義和考慮因素”，是由加密投資公司Hashed的研究部門Hashed Hashed開放研究撰寫的，並由Crypto Startup啟動了四個支柱。它於3月24日出版。

The researchers add that launching a Korean won (KRW) stablecoin could give South Korea a stronger footing in the global stablecoin race.

研究人員補充說，發起韓國冠軍（KRW）Stablecoin可以使韓國在全球穩定比賽中更加強大。

The report suggests that launching a won-based stablecoin might make the currency more practical for digital transactions in today’s society while also bridging the gap between Korea’s crypto market and international digital asset ecosystems.

該報告表明，推出基於WON的Stablecoin可能會使當今社會中數字交易的貨幣更加實用，同時還彌合了韓國加密市場與國際數字資產生態系統之間的差距。

It adds that the introduction of a KRW stablecoin “could help address structural inefficiencies in the Korean crypto market, and serve as the foundation for various fintech industries that emerge from this ecosystem.”

它補充說，引入了KRW Stablecoin“可以幫助解決韓國加密貨幣市場的結構性低效率，並作為從該生態系統中出現的各種金融技術行業的基礎。”

Hashed Open Research adds that the high liquidity of Korean exchanges could provide an advantage for a KRW stablecoin over alternatives like the yen or euro.

Hashed Open Research補充說，韓國交流的高流動性可以為KRW Stablecoin提供優於日元或歐元等替代方案。

But while it is keen to see the use of won-pegged stablecoins increase, the report also highlights concerns over the rapid rise of dollar-based stablecoins, such as Tether (USDT) and USD Coin (USDC).

但是，儘管人們渴望看到使用Won Pegggging Stablecoins的使用增加，但該報告還強調了對基於美元的Stablecoins快速上升的擔憂，例如Tether（USDT）和USD Coin（USDC）。

It adds that these capital outflows could grow into a bigger issue, potentially impacting Korea’s financial stability and the strength of the won.

它補充說，這些資本流出可能會發展成為一個更大的問題，可能會影響韓國的財務穩定性和贏家的實力。

In the report, Hashed Open Research calls for a dedicated regulatory framework for stablecoins, saying these assets “possess characteristics of both payment instruments and investment assets, requiring a dedicated regulatory framework.”

在報告中，Hashed Open Research呼籲為Stablecoins建立專門的監管框架，並說這些資產“具有支付工具和投資資產的特徵，需要專門的監管框架”。

The report suggests allowing both banks and non-banks to issue stablecoins under strict licensing and security requirements.

該報告建議允許銀行和非銀行在嚴格的許可和安全要求下簽發Stablecoins。

It adds that foreign-issued KRW stablecoins should be regulated domestically, while foreign stablecoins pegged to other fiat currencies should only be allowed if they meet equivalent regulatory standards.

它補充說，外國發行的krw stabablecoins應受到國內規範，而外國穩定的stabalecoins僅在符合同等的監管標準時才能允許與其他法定貨幣掛鉤。