According to Cointelegraph, despite ongoing bans in China, peer‑to‑peer stablecoin usage has increased dramatically. New figures indicate the volume of these wallets has grown by a factor of roughly 43 compared with earlier measurements.
Meanwhile, South Korea’s overall cryptocurrency economy is reported to be valued at $450 billion, making it the largest crypto market in East Asia according to the source.
The article notes that the surge occurs amid continued regulatory restrictions on certain crypto activities in China. It also highlights Korea’s position as the top regional player in terms of crypto economic size.
