新研究表明，稳定币应视为付款工具和投资资产。

根据最近的一份报告，与韩国冠军相关的稳定币可能会使韩国在全球稳定比赛中更加强大。

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

根据一项新的研究，稳定币越来越多地用作支付工具和投资资产，这表明需要更广泛的监管框架。

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.

该报告的标题为“推出韩国赢得的Stablecoin：含义和考虑因素”，是由加密投资公司Hashed的研究部门Hashed Hashed开放研究撰写的，并由Crypto Startup启动了四个支柱。它于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.

研究人员补充说，发起韩国冠军（KRW）Stablecoin可以使韩国在全球稳定比赛中更加强大。

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.

该报告表明，推出基于WON的Stablecoin可能会使当今社会中数字交易的货币更加实用，同时还弥合了韩国加密市场与国际数字资产生态系统之间的差距。

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.”

它补充说，引入了KRW Stablecoin“可以帮助解决韩国加密货币市场的结构性低效率，并作为从该生态系统中出现的各种金融技术行业的基础。”

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补充说，韩国交流的高流动性可以为KRW Stablecoin提供优于日元或欧元等替代方案。

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，尽管人们渴望看到使用Won Pegggging Stablecoins的使用增加，但该报告还强调了对基于美元的Stablecoins快速上升的担忧，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.

它补充说，这些资本流出可能会发展成为一个更大的问题，可能会影响韩国的财务稳定性和赢家的实力。

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.”

在报告中，Hashed Open Research呼吁为Stablecoins建立专门的监管框架，并说这些资产“具有支付工具和投资资产的特征，需要专门的监管框架”。

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

该报告建议允许银行和非银行在严格的许可和安全要求下签发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.

它补充说，外国发行的krw stabablecoins应受到国内规范，而外国稳定的stabalecoins仅在符合同等的监管标准时才能允许与其他法定货币挂钩。