South Korea Embraces Stablecoins, Shifts Focus Away from Memecoins

South Korea is undergoing a major shift in its crypto landscape, moving away from speculative memecoins and toward the stablecoin realm. Major tech players and banks are driving this transition, with companies like Kakao and Naver taking the lead. These firms have formed research task forces and signed MOUs to focus on domestic stablecoin innovation. This shift is being amplified by increased funding in stablecoin markets, outstripping other cryptocurrencies in trading volumes.