Crypto exchanges turn to dollar stablecoins as FX volatility grows

Crypto exchanges turn to dollar stablecoins as FX volatility grows

Cryptocurrency exchanges are stepping up marketing efforts centered on dollar-pegged stablecoins, which have seen rising demand amid a sharp increa...

Crypto Exchanges in South Korea Push Stablecoin Use as Won Weakens

Cryptocurrency exchanges in South Korea are shifting their focus to dollar-pegged stablecoins as the demand grows following the increase in Won-Dollar exchange rate. With the U.S. dollar gaining more strength over Won, investors have turned to stablecoins as a way to preserve value, prompting exchanges to adjust their old strategies. The benchmark KOSPI index has climbed to new highs, alongside assets like gold and silver, cryptocurrency prices …

South Korean exchanges turn to stablecoins amid FX volatility

South Korean exchanges have stepped up efforts in the market centered around United States dollar-pegged stablecoins. According to industry officials, stablecoins have seen a rise in demand across the Korean crypto market amid a rise in the won-dollar exchange rate due to volatility. While the benchmark KOSPI and other commodities like gold and silver have risen to new levels, digital assets have always been left out of previous rallies, which u…