The 2025 blockchain industry is regarded as a year in which, after a period of speculation and regulatory gaps, it began to realign around governance and the scope of use. Global virtual-asset markets remained volatile, but areas such as stablecoins, real-world asset tokenization (RWA), and AI-powered financial infrastructure that intersect with the traditional financial system emerged as core keywords for the industry. In Korea as well, debates about how to handle digital assets within the formal financial order were active, with policymakers centering on “how far to allow and what to restrict.” The year placed won-denominated stablecoins at the center of policy discussions.
Within the industry, 2025 was seen as the year when regulatory discussions began in earnest. Industry insider B said, “The regulatory reforms centered on user protection and the integration into the regulated system began in earnest,” and added that, although market volatility persisted, strengthened oversight and growing institutional interest were driving a search for renewed trust and a reorganization of the sector. From a retrospective standpoint, 2025 did not culminate in the formalization of stablecoins, but it rose to become a central agenda.
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