South Korea sees 18 straight months of stablecoin outflows totaling $10.4B
- —Cumulative net stablecoin outflows from Korea over 18 months reached $10.4 billion (KRW 14 trillion)
- —No month recorded net inflows since January 2025, when the FSC began tracking the data
- —The lack of a won-backed stablecoin makes dollar tokens the de facto substitute
- —Issuance model in dispute: the Bank of Korea favors banks, while the FSC and ruling party back broader issuer access
Why it matters: Capital draining into dollar stablecoins pressures the won and raises the stakes for Seoul to legalize a won-backed stablecoin.
Source: Digital Today