South Korea may ban companies from investing in stablecoins.

CoinFeed reported on March 7 that, according to South Korean media, the South Korean Financial Services Commission's draft "Guidelines for Corporate Virtual Currency Trading" may exclude stablecoins from the scope of permitted investments. The guidelines will outline standards for listed companies and registered professional investment firms trading digital assets for investment or financial purposes. To prevent blind investment in the early stages of the market, the regulator has decided to exclude dollar-denominated stablecoins (such as Tether (USDT) and USD Coin (USDC)) when defining the scope of permitted investments.