Stablecoin boom in South Korea with the weak won
The weakening of the won pushes South Korean investors towards dollar-denominated stablecoins, turning them into a new means of protection and access to global markets.
Stablecoins are a category of cryptocurrency designed to maintain a stable value against a reference asset, such as a fiat currency (e.g. the US dollar) or a commodity (such as gold).
73 PostsThe weakening of the won pushes South Korean investors towards dollar-denominated stablecoins, turning them into a new means of protection and access to global markets.
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