币界网报道：South Korean commercial banks are reportedly developing a won-pegged stablecoin set to launch by 2026, according to local media reports. The project, led by the Korea Federation of Banks (KFB), aims to create a stable digital currency backed 1:1 by the Korean won to facilitate blockchain-based transactions. Major domestic banks including KB Kookmin, Shinhan, and Hana are participating in the initiative, which seeks to establish regulatory clarity and interoperability with existing payment systems. The stablecoin will initially focus on domestic remittances and settlements before potentially expanding to cross-border payments. This move comes as South Korea's financial authorities work on comprehensive digital asset regulations expected by 2024, with the KFB planning to submit a formal proposal to regulators next year. The project reflects growing institutional interest in blockchain-based financial solutions amid increasing cryptocurrency adoption in South Korea.