South Korea’s FSC: Do not believe that dollar-denominated stablecoins will lead to unilateral capital outflows

PANews reported on April 17 that according to Digital Asset, the Financial Services Commission (FSC) of South Korea said that it does not believe that stablecoins denominated in US dollars will lead to unilateral capital outflows. According to FSC data, from November 2024 to February 2025, the total amount of US dollar stablecoins flowing into South Korea reached 35.3 trillion won (about 24.8 billion US dollars), and the amount flowing out of foreign countries reached the same amount. This is the first time that the FSC has disclosed cross-border stablecoin flow data.

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Author: PA一线

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