According to Cryptopolitan, South Korea's ruling and opposition parties have reached a breakthrough on stablecoin regulation, aiming to pass the "Digital Asset Basic Act" by January 2026. The proposal will adopt a consortium model with banks holding 51% to create a "Korean-style stablecoin"; technology companies can participate but will be minority shareholders. The Democratic Party demands that financial regulators submit the draft bill by December 10, or else lawmakers will propose it themselves.