Korea’s crypto outflows reflect product gap, not stablecoin gap: First Digital CEO

Vincent Chok, co-founder and CEO of stablecoin issuer First Digital, said South Korea needs more than a won-denominated stablecoin to keep digital asset activity onshore, arguing that investors are seeking a wider range of products unavailable at home. In a written interview with The Korea Herald, Chok stated that 'the starting point is the demand for the products themselves.' First Digital is a digital asset financial services firm and the issuer of FDUSD, a dollar-backed stablecoin.