TechFlow, June 27 — According to CoinDesk, South Korean retail investors have shown狂热 enthusiasm for Circle, net purchasing $450 million this month, making it the most favored overseas stock among South Korean citizens.
As newly elected President Lee Jae-myung accelerates efforts to legalize the won-backed stablecoin, shares of domestic fintech giant KakaoPay have surged 160%. Meanwhile, South Korea's National Assembly is reviewing the "Digital Asset Framework Act," which proposes to allow licensed entities such as KakaoPay to issue won-denominated stablecoins.
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