Miles Jennings, Head of Policy and Regulatory at a16z Crypto, said, "Focusing on fintech rather than banks in the issuance of KRW stablecoins can create a competitive market. Bank-centric stablecoin issuance would not be significantly different from the existing financial system." According to Money Today Broadcasting, he explained this at the 'a16z Crypto Korea Summit' held on the 1st, stating, "In the U.S., not only banks but also non-bank operators approved by the government can issue stablecoins."
