According to Odaily Planet Daily, South Korea's ruling and opposition parties each submitted bills regulating stablecoins on Monday, with a clear disagreement over whether to prohibit interest payments to users. Democratic Party Rep. Ahn Do-jae's bill explicitly prohibits stablecoin interest payments and requires issuers to provide 100% reserve backing and a minimum capital of 5 billion won. Kim Eun-hye, a Rep. from the ruling People's Power Party, does not restrict interest payments, emphasizing the promotion of innovation and enhanced information disclosure. Both proposals grant regulatory authority to the Bank of Korea. (Decrypt)