South Korea's stablecoin trading volume experienced a sharp decline, with the average daily volume falling to 238 billion won in June, according to local media reports. This marks a significant drop from the peak of 1.229 trillion won recorded in December 2024. The Bank of Korea attributed this decrease to a weakening crypto market, which has slowed the growth of stablecoins. During the same period, the average daily total trading volume of domestic crypto assets also fell dramatically, from 17.1 trillion won to 3.2 trillion won, while holdings decreased from 121.8 trillion won to 89.2 trillion won. The IMF provided a broader context, estimating regional trading volumes at $445 billion in North America, $426 billion in Asia-Pacific, and $334 billion in Europe, among others.
South Korea's Stablecoin Trading Volume Drops to 238 Billion Won in June
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