CoinVoice has learned that CryptoQuant CEO Ki Young Ju posted on the X platform stating that South Korean government officials claim that 10% of trade transactions in South Korea use stablecoins.
USDT occupies 72% of the stablecoin market, primarily on the TRON blockchain, which may be due to its fast speed and lower fees compared to ETH. For whatever reason, the market has chosen Tether and TRON, and they have found a product-market fit. [Original link]