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South Korea's FSC: Does not believe that dollar-denominated stablecoins will cause unilateral capital outflows

On April 17, according to Digital Asset, South Korea's Financial Services Commission (FSC) stated that it does not believe that dollar-denominated stablecoins will cause unilateral capital outflows. According to FSC data, from November 2024 to February 2025, the total amount of dollar stablecoins flowing into South Korea reached 35.3 trillion won (approximately 24.8 billion US dollars), while the amount flowing out abroad also reached the same amount. This is the first time that the FSC has disclosed data on cross-border stablecoin flows.

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