Korea’s Housing Finance Corp is considering adding MBS(Mortgage-Backed Securities) as collateral for a KRW stablecoin. Korean MBS has near-sovereign credit quality, but it’s nowhere near as liquid as KTBs. In a mass redemption scenario, it won’t be easy to liquidate fast. The intention seems to be boosting MBS demand to lower mortgage rates, but using it as stablecoin collateral feels odd. Not an expert, but the logic doesn’t sound very convincing.... Asking for other experts' thought on it @NathanYJLee @100y_eth