WEB3 WEEKLY RECAP | 18-22 AUGUST 2025

Another interesting week of developments in the Web3 space: South Korea is actively advancing its stablecoin framework, China is reportedly considering a yuan-backed stablecoin, and the United States has introduced its first state-issued stablecoin in Wyoming.

𝙏𝙤𝙥 𝙃𝙚𝙖𝙙𝙡𝙞𝙣𝙚𝙨:
– South Korea Readies Stablecoin Framework (18 Aug 2025)
– Wyoming Becomes the First to Launch a State-Issued Stablecoin (19 Aug 2025)
– China Considering Yuan-backed Stablecoins to Boost Global Currency Usage, Sources Say (21 Aug 2025)

One recurring question regulators often raise when rolling out their regimes is: “𝘞𝘩𝘢𝘵 𝘪𝘴 𝘵𝘩𝘦 𝘳𝘦𝘢𝘭-𝘸𝘰𝘳𝘭𝘥 𝘶𝘴𝘦 𝘤𝘢𝘴𝘦 𝘰𝘧 𝘴𝘵𝘢𝘣𝘭𝘦𝘤𝘰𝘪𝘯𝘴?”.

While real-world applications (e.g., cross-border payments, trade finance, etc.) are meaningful, use cases are waiting to be unfolded in the virtual world. Here, digital platforms drive social interactions and stablecoins enable economic transactions – together forming a powerful digital-native economy.

This alternate universe should not be overlooked. The discussion on stablecoins must go beyond their role in traditional finance to also consider how they enable innovation and value creation in virtual environments.