BTCC
/
BTCC Square
/
cryptonewsT
/
Stablecoins Gobble Half of South Korea’s Crypto Exodus in Q1—Regulators Raise Eyebrows
Stablecoins Gobble Half of South Korea’s Crypto Exodus in Q1—Regulators Raise Eyebrows
15
2
South Korea’s crypto scene just revealed a dirty little secret: nearly 50% of all digital asset outflows last quarter were stablecoins. Not exactly the ’decentralized revolution’ the crypto bros promised.
Officials are now scrambling to explain how dollar-pegged tokens became the preferred vehicle for capital flight—while pretending this wasn’t entirely predictable. Guess those ’volatility hedges’ work both ways.
Bonus jab: Nothing says ’financial innovation’ like using crypto to recreate offshore banking with extra steps. The more things change...
By:
Previous
Sei Dumps Cosmos for EVM-Only Future—Trading Interoperability for Ethereum’s Liquidity Pool
Next
Binance Sees Flood of Stablecoin Deposits—Is a Crypto Rally Imminent?
