#StripeStablecoinAccounts

South Korea’s top crypto exchanges transferred around 56.8 trillion won worth of cryptocurrencies overseas during the first quarter of 2025. Stablecoins pegged to the U.S. dollar, such as USDT and USDC, made up 26.87 trillion won or 47.3% of this total.

Traders prefer stablecoins because they offer price stability and make it easier for South Korean traders to access foreign crypto markets like Binance and Bybit, where most trading pairs are listed in dollar-based stablecoins rather than Korean won (KRW).