South Korea Logs Another Major Stablecoin Outflow, Keeping Its 18-Month Streak Alive

TL;DR

• South Korea recorded $367 million in net stablecoin outflows during June, extending its streak of monthly offshore transfers to 18 consecutive months across five major exchanges.
• Investors sought derivatives, tokenized assets, decentralized finance and staking products unavailable or restricted on domestic exchanges, increasing reliance on foreign platforms.
• Regulators are considering interim licensing, broader Travel Rule reporting and stronger action against unregistered exchanges while lawmakers remain divided over won-pegged stablecoin issuers.

South Korea recorded 560.3 billion won, about $367 million, in net stablecoin outflows to overseas exchanges during June, extending the country’s monthly streak to 18 consecutive months. The five largest domestic platforms sent 2.7 trillion won, or $1.81 billion, abroad while receiving 2.2 trillion won, roughly $1.44 billion, from foreign venues. The persistence is more striking than any single monthly figure because the imbalance has now survived changing market conditions for a year and a half. What looks like routine crypto mobility is becoming a structural challenge for regulators, exchanges, lawmakers and investors alike nationwide.

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