Korea FSC: Does not believe that dollar-denominated stablecoins will lead to unilateral capital outflow

ChainCatcher news, according to Digital Asset, the South Korean Financial Services Commission (FSC) stated that it does not believe that dollar-denominated stablecoins will lead to 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 USD), while the amount flowing out to foreign countries also reached the same figure. This is the first time the FSC has disclosed data on cross-border stablecoin flows.