ChainCatcher news, according to Newsis, as discussions about the introduction of South Korean won stablecoins intensify, analysts believe that banks' direct issuance of stablecoins may lead to a decline in their interest income. According to a report published by NICE Investor Services, the adoption of stablecoins in the financial industry is expected to have a negative impact on the banking sector and a positive impact on the securities industry.

In the event of inflows into stablecoins, banks' deposit base may shrink, weakening their intermediary function. Although banks can mitigate some of the decline in profitability through stablecoins' reserve operating income, their earnings are still lower than loan interest income. Currently, about ten banks have set up consulting bodies to jointly address the challenges of stablecoins and are considering forming joint ventures to issue common stablecoins.

The analysis pointed out that the introduction of stablecoins is expected to have a positive impact on the securities industry in the medium to long term, while the impact on the credit card industry will be smaller. To promote the practical application of stablecoins, conditions such as legal, technical, and economic incentives need to be met.