Korean Exchanges See 62% Stablecoin Surge as USD/KRW Tops 1,480; USDT Hits ₩378.2B

Won-based crypto platforms in South Korea logged a 62% jump in stablecoin activity as USD/KRW pierced 1,480, with USDT turnover reaching ₩378.2 billion ($261 million). Banks cut dollar deposit rates and the president outlined a path toward ₩1,400, while major exchanges rolled out fee waivers and rewards to promote USDC and USDe trading.