Korea Says Won Stablecoins Could Save $1.23B a Year Where Would Those Savings Actually Come From?

• South Korea estimates won stablecoins could save about $1.23 billion annually.
• Stablecoins could cut correspondent-bank hops, fees, and settlement delays.
• FX markups of 1.5%–3.5% and compliance checks would still remain.

South Korea’s push for a won stablecoin is gaining urgency as lawmakers consider legislation that supporters say could cut annual payment costs by 1.7 trillion won, or about $1.23 billion. The headline figure, presented by Korea Economic Research Institute senior fellow Lee Seung-seok, centers on shortening delays tied to international payments.

Following a KRW payment from a Korean sender to an overseas recipient shows where those savings could emerge, and which costs would continue even if settlement moved onto stablecoin infrastructure.

Where a KRW Cross-Border Payment Gets Expensive

A conventional overseas payment can take two to five…

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