Stablecoins make almost half of South Korea $40B crypto comot-go, show say global trading and investor feeling dey rise.
South Korea main crypto exchange dem, like Upbit, Bithumb, Coinone, Cobbit, and Gopax, see big jump for stablecoin work and money comot comot outside for Q1 2025. Almost 50% of the $40.6 billion wey dem send outside – mostly inside popular stablecoins like USDT and USDC – show say investor dem get strong mind and dem dey do arbitrage work. This kain level, wey local lawmaker Min Byung-duk show using Financial Supervisory Service data, make am clear say Korean traders dey use stablecoins well well to enter global exchange dem like Binance and Bybit. For March, stablecoin money wey comot slow down as market work overall come soft small. At the same time, people wey dey use crypto for South Korea dey increase, with 16.29 million exchange account dem (around 32% of the people) and public official dem get some too, even as government dey look am tight. Analist dem say this kind big big stablecoin money wey dem deposit and comot fit mean say people dey ready to buy asset wey dey shake like Bitcoin and Ethereum, show say dem get hope again after market correction wey happen for April. Traders suppose watch this money flow well well plus how big economy and government rule dem be, because stablecoin work na key sign for how money dey move, how market feel, and how price dey go for crypto side.
Neutral
Di large amount of stablecoin money wey dey comot from South Korea crypto exchanges show say money dey move well well, probably for trading outside di country and to take advantage of small small price difference. This show say market people still dey active and e fit mean good mind, becos when stablecoin money enter, e often happen before dem buy risky things like BTC and ETH. But, di way di money comot slow down for March and di fact say government regulation dey increase make di hope for price to go up reduce. Even though dis show say crypto acceptance dey grow and e fit push price up if di money go back inside main main cryptocurrencies, di direct way e go affect price no sure without more proof say people dey buy heavy. So, as things stand now, di market just neutral, until we see clear signs of how dem dey use dis money.