South Korea lifts the ban on "Kimchi Bonds"! After 14 years, the ban ends. Will the Asian market change after the dollar stablecoin cools down?
A major event in the crypto world! Just as the global growth of dollar stablecoins slows down, South Korea suddenly drops a bombshell - officially lifting the "Kimchi Bonds" ban that has been in place for 14 years! What wealth secrets are hidden behind this move? An experienced guide will take you deep mining!
What are "Kimchi Bonds"?
1. Specifically refers to bonds issued by foreign institutions in South Korea, denominated in won
2. Named after South Korea's iconic cuisine
3. Emergency suspended in 2010 due to foreign exchange risks
Three layers of meaning behind the lifting of the ban:
1. Erosion of dollar hegemony: The Federal Reserve's interest rate hike cycle peaks, and Asian countries begin de-dollarization strategies
2. Internationalization of the won: In line with the South Korean government's "Global Won" strategy, challenging the yen's status in Asia
3. Linkage with the crypto market: Korean exchanges like Upbit have surpassed Coinbase in trading volume, needing new financial instruments
Three major investment opportunity alerts:
1. The won stablecoin may explode
2. South Korean DeFi projects welcome traditional capital inflow
3. Revaluation of the value of Korean exchange platform tokens
Institutional movements:
1. Samsung Securities has formed a special task force
2. Goldman Sachs' Seoul office is hiring
3. Local news reports that Binance is in talks with Korean brokerages
Historical data speaks:
Before the ban in 2010, the Kimchi Bond market reached $42 billion! Now, South Korea's GDP has grown by 78%; think about it...
Risk warnings:
1. South Korean financial regulation remains among the strictest globally
2. The volatility of the won's exchange rate is three times that of the dollar
3. Beware of the possibility of "one-day policy" phenomena
Follow national trends, and let us guide you to see the deeper insights, remaining calm in both bull and bear markets.