TechFlow news, October 30 — According to the Korea Economic Daily, South Korea's strict Foreign Exchange Transactions Act currently imposes tight controls on foreign exchange transactions, making stablecoins increasingly advantageous in trade settlements. A South Korean government official stated, "It is estimated that around 10% of domestic trade transactions are conducted using stablecoins." This indicates that a significant portion of stablecoins traded on South Korean cryptocurrency exchanges are being used as payment instruments for import and export activities.
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