Stablecoin Peg Maintenance More Critical Than Issuer Ownership Structure, Says MRI CEO on July 15

MRI CEO Kim Jong-seung emphasized on July 15 during a Seoul seminar on U.S. digital asset strategy that maintaining stablecoin peg stability is more important than regulating issuer equity composition. Rather than focusing solely on the proposed 51% bank ownership requirement, Kim stressed that robust redemption pathways and recovery mechanisms are crucial to prevent peg collapse.

Citing the 2023 USDC crisis, Kim noted that despite sufficient reserves, the stablecoin's peg fell to $0.874 due to disrupted redemption channels. He argued that designing credible recovery protocols—including loss-sharing frameworks and dedicated stabilization funds—must be prioritized in stablecoin legislation.