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Futures
Futures
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Hundreds of contracts settled in USDT or BTC
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Hold GT and get massive airdrops for free
Launchpad
Be early to the next big token project
Alpha Points
New
Trade on-chain assets and enjoy airdrop rewards!
Futures Points
New
Earn futures points and claim airdrop rewards
Investment
Simple Earn
Earn interests with idle tokens
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Auto-invest on a regular basis
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Buy low and sell high to take profits from price fluctuations
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Earn rewards with flexible staking
Crypto Loan
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Pledge one crypto to borrow another
Lending Center
One-Stop Lending Hub
VIP Wealth Hub
New
Customized wealth management empowers your assets growth
Private Wealth Management
Customized asset management to grow your digital assets
Quant Fund
Top asset management team helps you profit without hassle
Staking
Stake cryptos to earn in PoS products
BTC Staking
HOT
Stake BTC and earn 10% APR
GUSD Minting
New
Use USDT/USDC to mint GUSD for treasury-level yields
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The ruling party of South Korea plans to lower the issuance threshold for stablecoins to 500 million won.
Gate News bot message, Sisa Journal recently reported that South Korea’s ruling party, the Democratic Party, officially submitted the draft of the “Basic Law on Digital Assets” on June 10. The bill, led by Min Byeong-deok, a member of the National Assembly’s Administrative Affairs Committee and chairman of the Special Committee on Digital Assets, aims to reduce the minimum capital requirement for stablecoin issuance companies from 5 billion won to 500 million won, approximately $368,000.
This move aims to create a more favorable market environment for fintech and cryptocurrency startups. In response, the Bank of Korea expressed a cautious stance, emphasizing that improper institutional design poses risks of undermining the status of the Korean won as legal tender, as well as impacting the effectiveness of monetary policy and financial stability.
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