South Korea Sees Surge in Stablecoin Trading Amid Economic Pressures

Stablecoin trading volume in South Korea has increased by 62% as the South Korean won reached multi-year lows against the US dollar. According to NS3.AI, this surge is influenced by currency pressures and government actions. Major exchanges have initiated campaigns to enhance stablecoin volumes amidst a general downturn in the crypto market. Concurrently, South Korea's economic slowdown and regulatory changes, such as permitting corporate crypto investments, are contributing to a complex market landscape.