Foreign Exchange

The stablecoin debate is shifting away from pure crypto speculation and toward regulated payment, settlement, and FX infrastructure as U.S. supervisors, the Bank of England, Japanese megabanks, and Korean banks all move the conversation into core financial plumbing.

South Korea’s shift to 24-hour won trading is not just an FX-hours tweak. Traders are reading it as a credibility test: can Korea make the won easier to hedge globally without importing a new layer of overnight volatility?