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<h2 id="span-style-font-size-19px-color-inherit-font-weight-bolder-institutions-in-korea-explore-cd-tokens-as-stable-alternative-span-br">Institutions in Korea Explore CD Tokens as Stable Alternative </h2>
Bank of Korea Governor Rhee Chang-yong urges quick development of digital currencies to counter <a href="https://www.coingabbar.com/en/crypto-blogs-details/what-are-stablecoins-and-how-do-they-function" class="f-link" rel="noopener noreferrer nofollow">stablecoin</a> risks.&nbsp;
South Korea plans a retail <a href="https://www.coingabbar.com/en/crypto-currency-news/georgias-nbg-partners-with-ripple-for-digital-gel" class="f-link" rel="noopener noreferrer nofollow">CBDC</a> pilot in 2024, collaborating with Italy's central bank for technical guidance. Financial institutions in Korea explore CD tokens as stable alternatives to traditional deposits, aiming for interoperability with CBDCs

BOK Governor Urges Development of CBDC to Counter Stablecoin Risks

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