According to the U.S. Office of the Comptroller of the Currency (OCC), final regulations for the GENIUS Act will take effect on January 18, 2027, establishing a formal regulatory framework for stablecoin issuance and oversight. However, South Korean enterprises face significant barriers to adopting stablecoins for cross-border trade settlements due to gaps in domestic regulatory infrastructure.

Blockchain data platform Allium reports that stablecoin settlement volumes reached $482 billion in the first nine months of 2026, up 45.4% year-over-year, with business-to-business transactions accounting for approximately 28% of total volume. Industry participants in South Korea argue that pending legislation and lack of foreign exchange reporting procedures prevent local companies from accepting stablecoin payments from overseas counterparts. Officials propose implementing a regulatory sandbox to enable companies to receive and convert stablecoins for trade payments while awaiting comprehensive digital asset framework legislation.

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