PANews reported on July 7 that according to 100y.eth, the research director of South Korea's Web3 research institution Four Pillars, South Korea is currently experiencing a stablecoin bubble, with no clear regulatory guidance.
Almost every day, financial news reports that some bank or company is applying for stablecoin-related trademarks. Once a listed company applies for a related trademark, its stock price usually rises by 15%-30% on the same day. Companies that have already applied for stablecoin trademarks include several financial and tech giants such as Toss Bank, Viva Republica, Shinhan Financial Group, NHN KCP, Kakao Pay, and KB Kookmin Bank.
In addition, South Korean investors' interest in stablecoins has also extended to international markets. Data shows that $CRCL became the most purchased foreign stock by South Korean investors in June, with net inflows reaching $410 million.