Analyst: South Korea is Experiencing a Stablecoin Bubble, $CRCL Becomes the Hottest Foreign Stock Among Korean Investors

According to ChainCatcher, 100y.eth, Head of Research at South Korean Web3 research institute Four Pillars, has analyzed that South Korea is currently experiencing a stablecoin bubble, with no clear regulatory guidance in place.

Almost every day, financial news reports that a bank or company has applied for a stablecoin-related trademark. When a listed company applies for such a trademark, its stock price typically rises by 15%-30% on the same day. Companies that have already applied for stablecoin trademarks include financial and tech giants such as Toss Bank, Viva Republica, Shinhan Financial Group, NHN KCP, Kakao Pay, and KB Kookmin Bank.

In addition, Korean investors' interest in stablecoins has extended to international markets. Data shows that $CRCL became the most purchased foreign stock by Korean investors in June, with a net inflow reaching $410 million.