Bank of Korea: Expanded corporate and foreign participation in the coin market could affect exchange rates
• Researchers said a channel could form in which demand shocks in the dollar stablecoin market pass through FX transactions and reach the KRW-USD exchange rate.
• The analysis highlighted Binance as a "global intermediary" because it supports trading between certain fiat currencies and dollar stablecoins.
• The BOK noted that broader participation by corporations and foreign investors in the domestic crypto market could strengthen the linkage between stablecoins and the foreign exchange market.
#SouthKorea
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by Asia Stablecoin Alliance & Four Pillars
1September 3, 2026 21
