Korean Exchanges Suffer Record-Breaking Stablecoin Outflows

South Korea's top five exchanges have continued to experience net stablecoin outflows for 18 consecutive months, with $367 million worth of stablecoins leaving the domestic market in June 2026. According to data from the Financial Supervisory Service (FSS), these exchanges sent a total of 2.76 trillion won in stablecoins to overseas venues in June 2026 and received only 2.20 trillion won back, resulting in a net outflow of $367 million.

The trend of stablecoin outflows is attributed to the limited product offerings available on domestic platforms, which are restricted by regulations such as the Specific Financial Information Act. This act enforces anti-money laundering measures and restricts access to high-leverage derivatives, DeFi pools, liquid staking, and most RWA protocols.

As a result, investors are seeking out offshore platforms that offer more comprehensive product suites, including contracts tied to major Korean equities. Binance and Bybit are among the popular exchanges attracting investors with their offerings, further exacerbating the trend of stablecoin outflows from domestic markets.