JAPAN, SOUTH KOREA LEAD ASIA'S LOCAL STABLECOIN PUSH IN 2025

Summary from the TLDR Crypto newsletter

Asia spent 2025 building the regulatory and institutional scaffolding for local-currency stablecoins, even while USD stablecoins still dominate onchain liquidity. Japan saw a legally recognized yen stablecoin launch plus megabank pilots supported by the FSA, and South Korea saw multiple won-pegged initiatives across different chains and more work toward a formal framework.