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Stablecoin Outflow Sparks Stock Surge in South Korea

Published 1 week, 4 days ago
Description

Stablecoin holdings on South Koreas major exchanges plummeted fifty-five percent since July, as investors rushed to stocks. Traders swapped dollar-pegged stablecoins for won, boosting brokerage cash deposits and fueling a seventy-five percent KOSPI surge in the past year. However, recent oil concerns may divert funds back to crypto if stocks falter.

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