## FSC Clarifies Dollar Stablecoin Impact on Capital Flows The Financial Services Commission (FSC) has addressed concerns regarding dollar stablecoins potentially causing a unilateral outflow of funds from Korea. According to a recent report by Digital Asset, the FSC revealed that dollar stablecoin inflows and outflows have been relatively balanced. ## Stablecoin Inflow and Outflow Data The FSC disclosed, for the first time, data covering the period from November 2024 to February 2025. During this time, Korea experienced an inflow of dollar stablecoins totaling 35.3 trillion won, matched by an equivalent outflow of 35.3 trillion won. This indicates that the net impact of dollar stablecoins on the overall balance of payments has been neutral. ## Implications for the Korean Crypto Market This announcement suggests that the FSC is taking a measured approach to regulating stablecoins. While concerns about capital flight are valid, the data indicates that dollar stablecoins, at least during the specified period, have not resulted in a significant outflow of funds from the country. Further monitoring and analysis will likely be necessary to ensure the continued stability of the Korean financial system. ```
