📢 #Gate Square Writing Contest Phase 3# is officially kicks off!
🎮 This round focuses on: Yooldo Games (ESPORTS)
✍️ Share your unique insights and join promotional interactions. To be eligible for any reward, you must also participate in Gate’s Phase 286 Launchpool, CandyDrop, or Alpha activities!
💡 Content creation + airdrop participation = double points. You could be the grand prize winner!
💰Total prize pool: 4,464 $ESPORTS
🏆 First Prize (1 winner): 964 tokens
🥈 Second Prize (5 winners): 400 tokens each
🥉 Third Prize (10 winners): 150 tokens each
🚀 How to participate:
1️⃣ Publish an
Korea's new president Lee Jae-myung fulfills campaign promises and opens the green light for stablecoin issuance.
Gate News bot news, South Korea's new president Lee Jae-myung is quickly fulfilling his campaign promises by allowing local companies to issue stablecoins, further promoting one of the world's most active digital asset markets. Lee Jae-myung has publicly supported the adoption of stablecoins.
On Tuesday, the ruling party, the Democratic Party, where Lee Jae-myung is affiliated, proposed the "Basic Law on Digital Assets" aimed at increasing transparency and encouraging competition in the cryptocurrency industry.
According to the bill, if a South Korean company has a capital of at least 500 million won (367,876 USD) and ensures refunds through reserves, it can issue stablecoins. South Korea has become a hotbed for cryptocurrency activity, with over one-third of the population (about 18 million people) participating in the digital asset market. At times, the trading volume of domestic cryptocurrency exchanges has even surpassed that of the Korea Composite Stock Price Index (KOSPI) and the Korea Securities Dealers Automated Quotations (KOSDAQ) index.
Source: Jinshi