Galaxy Smartphones as Global Wallets Could Redefine Korea’s Role in the Digital Currency Eragrag
The U.S. is once again grappling with its chronic “twin deficits.” With foreign governments reluctant to keep buying U.S. Treasuries, America is turning to stablecoins to create new demand for dollars in the private sector. By promoting digital dollars as everyday assets and payment tools, the U.S. is laying the groundwork for a new kind of digital hegemony, by undermining other nations’ financial autonomy and weakening traditional monetary policies.
For Korea, this looming transformation is both a risk and an opportunity. If stablecoins spread unchecked, domestic currency stability could be threatened. But with strong IT infrastructure and global reach, Korea could be in the position to lead. If Galaxy smartphones evolve into “global wallets,” Korean companies could become central nodes in the digital currency ecosystem as active providers of the devices, software, and platforms shaping the new international financial order.
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