New dynamics in the South Korean crypto market! According to South Korean media Pulse citing CryptoQuant data, in November 2024, the monthly trading volume of stablecoins from the top five South Korean crypto exchanges reached 16.17 trillion won (approximately 11.5 billion USD).📈
This figure includes the total trading volume of stablecoins such as Tether (USDT) and USDC, which has increased seven times compared to the beginning of the year. This is also the first time that South Korea's monthly stablecoin trading volume has surpassed the 10 trillion won mark.🚀
As of Monday, the 24-hour trading volume of South Korea's virtual asset market was 23 trillion won, accounting for 9.05% of the global total. Analysts believe that this surge may be related to investors transferring assets overseas.🌍