South Korea's Stablecoin Outflows Hit Record High

South Korea has seen another month of net stablecoin outflows, with $367 million worth of stablecoins transferred to overseas exchanges in June. This extends the country's streak of monthly net stablecoin outflows to a record 18 consecutive months.

The figure comes from Financial Supervisory Service (FSS) data obtained by People Power Party lawmaker Lee Jong-wook, who attributed the transfers to demand for products restricted or unavailable on domestic exchanges. These include overseas derivatives, tokenized real-world assets (RWAs), decentralized finance, and staking products.

The outflows come as South Korea works to complete a broader legal framework for digital assets. A policy report recently recommended that authorities introduce an interim licensing guidance and phase in stablecoin regulations before the Digital Asset Basic Act is finalized.