Analyst: South Korea is experiencing a stablecoin bubble, $CRCL has become the hottest foreign stock for Korean capital.

CoinVoice has recently learned that, according to an analysis by 100y.eth, the research director of the Korean Web3 research institution Four Pillars, South Korea is currently experiencing a stablecoin bubble, and there is no clear regulatory guidance.

Almost every day, financial news reports that a bank or company is applying for trademarks related to stablecoins. Once a publicly traded company applies for relevant trademarks, its stock price usually rises by 15%-30% on the same day. Companies that have already applied for stablecoin trademarks include several financial and tech giants such as Toss Bank, Viva Republica, Shinhan Financial Group, NHN KCP, Kakao Pay, and KB Kookmin Bank.

In addition, Korean investors' interest in stablecoins has also extended to the international market. Data shows that $CRCL became the most purchased foreign stock by Korean investors in June, with a net inflow of $410 million.