Post #2351

Korea’s payment stack is already too efficient for stablecoins to win on cost or speed alone, prepaid rails like Naver Pay and KakaoPay leave almost no margin to improve. The PayPal PYUSD case shows the real unlock is not payments, but breaking closed loops into open financial networks, with ~$2.6B supply and $55B+ monthly transfer volume proving demand for composability. So the question for Korea is structural: keep tight, closed ecosystems or trade control for open liquidity and network effects. Adoption will follow whichever side delivers more utility beyond payments.