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Trademark filings and early initiatives around stablecoins and wallets represent hands-on R&D—a deliberate effort to secure their stake in the future payments and settlement layer before formal guidelines are finalized. The groundwork is already being laid. The U.S. Is Not Just a Comparison—It Is a Leading Indicator. Over the past two years, the U.S. market followed a clear sequence: Custody → Stablecoins → On-chain Finance Korea is now at the starting line of this same trajectory. 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