Analyst: South Korea is Experiencing a Stablecoin Bubble, $CRCL Becomes the Hottest Foreign Stock Among Korean Investors

According to an analysis by 100y.eth, Head of Research at the South Korean Web3 research institution Four Pillars, South Korea is currently experiencing a stablecoin bubble, with no clear regulatory guidance in place. Financial news reports almost daily that a bank or company has applied for a stablecoin-related trademark. Once a listed company applies for such a trademark, its stock price usually rises by 15%-30% on the same day. Companies that have applied for stablecoin trademarks include Toss Bank, Viva Republica, Shinhan Financial Group, NHN KCP, Kakao Pay, KB Kookmin Bank, and many other financial and technology giants. In addition, South Korean investors' interest in stablecoins extends to the international market. Data shows that $CRCL became the most purchased foreign stock by South Korean investors in June, with net inflows reaching $410.0 million. [ChainCatcher]