South Korean stablecoin outflows top $367M in June: Report
CoinTelegraph·
60-second summary
Stablecoins are experiencing significant outflows from South Korean exchanges, totaling over $367 million in June, marking the 18th consecutive month of such activity. Regulators are weighing tighter oversight of cross-border crypto transactions, which is likely driving investors to withdraw their stablecoins from local exchanges, potentially impacting the country's crypto market and exchange liquidity.
Stablecoins have been flowing out of South Korean exchanges for 18 consecutive months as regulators weigh tighter oversight of cross-border crypto activity.