South Korean Investors Shift from U.S. Tech to Stablecoin-Linked Stocks

South Korean retail investors are pivoting away from U.S. big tech stocks, slashing monthly purchases from $1.68 billion early this year to just $260 million in July. The retreat coincides with a surge in crypto-related equity investments, particularly in stablecoin-affiliated companies.

Stablecoin stocks now dominate 31.4% of top 50 net buys by Korean individuals, up from 8.5% in January. This rotation follows the U.S. GENIUS Act's passage - landmark stablecoin legislation signed by President TRUMP that's bolstered confidence despite initial political resistance.

The Korean Center for International Finance notes digital asset stocks are absorbing capital previously allocated to tech giants. Circle, the issuer of USDC, emerges as a key beneficiary of this structural shift in cross-border investment patterns.