Stablecoins Could Cut South Korean Merchants’ Payment Fees by $3.8 Billion

South Korean merchants could save as much as 5.15 trillion won — roughly $3.8 billion — a year if stablecoins take a meaningful share of card payments, according to a new analysis by the National Assembly Budget Office.The estimate comes with a catch. The same stablecoins that could make payments cheaper could also reshape the role banks play in the economy, while creating new risks if large numbers of users rush to redeem their tokens at once.The parliamentary budget office modeled