CoinMeta data: According to News1, industry insiders in South Korea are calling for future regulation of Korean won stablecoins to focus not only on issuing entities, minimum capital, and reserve assets but also to establish mechanisms to ensure initial circulation volume, issuance and redemption processes, and liquidity in the secondary market. Recently, after several stablecoins were listed on South Korean exchanges, there were significant price deviations. For example, the Japanese yen-stabilized coin JPYC rose to a maximum of 37.6 Korean won on Upbit after listing, while the reference price at that time was around 8.8 Korean won, representing a four-fold increase over the reference price. PYUSD also rose from 1,379 Korean won to 1,760 Korean won, and EURC reached a maximum of 7,860 Korean won on Bithumb, which is more than a 400% increase from the previous day's closing price. The industry believes that although reserve assets can ensure redeemability, they cannot alone prevent short-term price distortions in the secondary market. Therefore, they suggest studying the introduction of market makers (MM) or liquidity providers (LP), as well as measures such as price deviation disclosure and restrictions on market-priced orders.