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Analyst: South Korea Experiencing Stablecoin Bubble, $CRCL Becomes Hottest Foreign Stock for Korean Investors
Summary: According to South Korean Web3 research institution Four Pillars' research director 100y.eth, South Korea is currently experiencing a stablecoin bubble with no clear regulatory guidance. Almost every day, financial news reports on a bank or company applying for stablecoin-related trademarks. Once a listed company applies for related trademarks, its stock price usually rises by 15%-30% ...
According to South Korean Web3 research institution Four Pillars' research director 100y.eth, South Korea is currently experiencing a stablecoin bubble with no clear regulatory guidance.
Almost every day, financial news reports on a bank or company applying for stablecoin-related trademarks. Once a listed company applies for related trademarks, its stock price usually rises by 15%-30% on the same day. Companies that have already applied for stablecoin trademarks include Toss Bank, Viva Republica, Shinhan Financial Group, NHN KCP, Kakao Pay, KB Kookmin Bank, and other financial and tech giants.
In addition, South Korean investors' interest in stablecoins has extended to the international market. Data shows that $CRCL became the most purchased foreign stock by South Korean investors in June, with a net inflow of $410 million.
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Link: Analyst: South Korea Experiencing Stablecoin Bubble, $CRCL Becomes Hottest Foreign Stock for Korean Investors [Copy]
