• Journal of Information Technology Services
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• v.21 no.6
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• pp.127-145
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• 2022

Luna Coin, which ranked eighth in the global market capitalization and established itself as a super-large stablecoin, plunged overnight, shocking the market. Therefore, this study proposed the direction of Korea's stablecoin regulation, focusing on the Terra-Luna situation, starting with the question of whether the stable coin's value, 'stability', can be trusted. The whole story of the Terra-Luna incident was examined in depth and the problems were pointed out, and the direction of domestic stable coin regulation was described based on overseas cases. In the absence of any legal guidelines for stablecoin at the moment, we hope that this study will provide a minimum stabilizer in the virtual asset market and help protect investors.