Episode Details
Back to EpisodesStablecoin Outflow Sparks Stock Surge in South Korea
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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