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The monthly trading volume of stablecoins on Korea's top five cryptocurrency exchanges—Upbit, Bithumb, Coinone, Korbit, and GOPAX—has reached approximately 16.17 trillion Korean won ($11.5 billion), a sevenfold increase from 2 trillion won earlier this year. This marks the first time monthly stablecoin trading in Korea has exceeded 10 trillion won.

On Monday, the 24-hour trading volume in Korea's domestic virtual asset market stood at 23 trillion won, representing 9.05% of the global total of 262 trillion won. Analysts attribute the rise in stablecoin trading to Korean investors potentially shifting assets overseas.