South Korea Faces Stablecoin Bubble Amid Regulatory Uncertainty

According to PANews, South Korea is currently experiencing a stablecoin bubble, with no clear regulatory guidance in place, as analyzed by 100y.eth, the research director at the Korean Web3 research institution Four Pillars. Financial news frequently reports that banks or companies are applying for stablecoin-related trademarks, leading to a 15%-30% increase in stock prices on the day of application. Major financial and tech giants such as Toss Bank, Viva Republica, Shinhan Financial Group, NHN KCP, Kakao Pay, and KB Kookmin Bank have already applied for stablecoin trademarks. Moreover, South Korean investors are showing interest in stablecoins on the international market. Data reveals that $CRCL was the most purchased foreign stock by South Korean investors in June, with a net inflow of $410 million.