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Stablecoin Trading Surges 62% in Korea as Dollar Strengthens Against Won
Yahoo Finance· 2026-01-25 10:37
South Korean crypto exchanges recorded a 62% surge in stablecoin trading volumes as the won fell to multi-year lows against the dollar, prompting platforms to intensify marketing campaigns around dollar-pegged tokens. According to The Korea Times, trading volume in Tether (USDT) across the nation’s five major won-based exchanges climbed to 378.2 billion won ($261 million) when the exchange rate exceeded 1,480 won per dollar last Wednesday, citing CryptoQuant data. The spike follows mounting currency pre ...