[Market Pulse] 🇰🇷 KRW-Pegged Stablecoins on the Rise in South Korea?
According to a June 2025 survey by the Hana Institute of Finance:
🔹 27% of South Koreans aged 20–59 currently hold crypto
🔹 70% of them plan to invest more into digital assets
🔹 Most notably, demand for stablecoins pegged to the Korean Won (KRW) is surging
💬 Why does this matter?
Local stablecoins offer key benefits:
✅ Smoother transactions — no need to constantly convert to USD
✅ Reduced FX volatility for domestic users
✅ A potential stepping stone toward CBDCs and a fully digitized national finance system
🌐 Context:
South Korea is one of Asia’s most mature crypto markets. If KRW-backed stablecoins gain regulatory support, they could pave the way for localized RWA or DeFi ecosystems.