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South Korea’s Stablecoin Frenzy: Retail Investors Fuel Circle Mania in Crypto Craze
South Korea’s Stablecoin Frenzy: Retail Investors Fuel Circle Mania in Crypto Craze
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Stablecoins are eating Seoul—and retail traders are first in line.
How USDC became South Korea's hottest crypto play
The won-pegged obsession shows no signs of slowing down as yield-hungry investors pile into dollar-denominated tokens. Never mind that local regulators still haven't figured out if they're securities, currencies, or financial unicorns.
Behind the rush? A perfect storm of Kimchi Premium flashbacks, DeFi FOMO, and that classic retail trader logic: 'This time it's different.'
One Seoul-based trader puts it bluntly: 'When the whales zig, we zag—straight into stablecoin staking.'
Meanwhile, traditional banks watch from the sidelines, still trying to explain CD rates with straight faces.
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