According to ChainCatcher and Digital Asset, the Korean Financial Services Commission (FSC) stated that it does not believe dollar-denominated stablecoins will lead to unilateral capital outflows. Based on FSC data, the total amount of US dollar stablecoins flowing into Korea from November 2024 to February 2025 reached 35.3 trillion won (approximately $24.8 billion), with an equal amount flowing out to foreign countries. This is the first time the FSC has disclosed cross-border stablecoin flow data.
South Korea’s FSC: Do not believe that dollar-denominated stablecoins will lead to unilateral capital outflows
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