Group 1: Stablecoin Trading Surge - South Korean crypto exchanges experienced a 62% increase in stablecoin trading volumes as the won depreciated to multi-year lows against the dollar, leading to intensified marketing efforts for dollar-pegged tokens [1] - Trading volume for Tether (USDT) on major won-based exchanges reached 378.2 billion won ($261 million) when the exchange rate surpassed 1,480 won per dollar [1] - Major exchanges such as Korbit, Coinone, Upbit, and Bithumb launched aggressive promotional campaigns for stablecoins, waiving trading fees and offering rewards to enhance trading volumes during a downturn in the broader crypto market [2] Group 2: Currency and Banking Responses - South Korea's major commercial banks reduced dollar deposit interest rates to near zero due to government pressure aimed at defending the exchange rate, with Shinhan Bank cutting its rate from 1.5% to 0.1% and Hana Bank from 2% to 0.05% [3] - The government summoned bank executives to discourage excessive marketing of foreign currency deposits, prompting banks to offer incentives for converting dollars to won [4] - Dollar deposit balances at five major banks fell by 3.8% to 63.25 billion dollars, marking the first decline after three months of increases, with corporate deposits dropping significantly from 52.42 billion dollars to 49.83 billion dollars [5] Group 3: Individual Deposits and Presidential Intervention - Individual dollar deposits increased at a much slower rate, rising by only 109.64 million dollars compared to a previous month's increase of 1.09 billion dollars [6] - President Lee Jae-myung made a rare verbal intervention regarding the exchange rate, predicting it would drop to around 1,400 won within one to two months [7]