South Korea Records $367M in Stablecoin Outflows

South Korea recorded $367 million in net stablecoin outflows in June as traders seek offshore products restricted on domestic crypto exchanges.

South Korea Records $367M in Stablecoin Outflows

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Written by

Ezra Reguerra

staff writer

Reviewed by

Felix Ng

staff editor

Written by

Ezra Reguerra

staff writer

Reviewed by

Felix Ng

staff editor

South Korean stablecoin outflows top $367M in June: Report

Latest News

Published

Aug 3, 2026

Stablecoins have been flowing out of South Korean exchanges for 18 consecutive months as regulators weigh tighter oversight of cross-border crypto activity.

South Korea saw 560.3 billion won ($367 million) in stablecoin outflows to overseas exchanges in June, extending the country’s streak of monthly net stablecoin outflows to 18 consecutive months.

The figure

comes

from Financial Supervisory Service (FSS) data obtained by Yonhap News Agency through People Power Party lawmaker Lee Jong-wook. South Korea’s five major crypto exchanges — Upbit, Bithumb, Coinone, Korbit and Gopax — transferred 2.7 trillion won ($1.81 billion) in stablecoins offshore in June and received 2.2 trillion won ($1.44 billion) from foreign platforms.

Market participants cited by Yonhap attributed the transfers to demand for products restricted or unavailable on domestic exchanges, such as overseas derivatives, tokenized real-world assets (RWAs), decentralized finance and staking products.

Lee has called on the government to reassess how it protects investors and supervises cross-border crypto activity as stablecoin outflows continue. “The government must comprehensively examine its investor protection and supervisory frameworks again and move swiftly to improve regulations,” he said,

according

to The Korea Times.

South Korea weighs tighter rules for offshore activity

The outflows come as South Korea works to complete a broader legal framework for digital assets. On Thursday, a policy report recommended that authorities

introduce an interim licensing guidance

and phase in stablecoin regulations before the Digital Asset Basic Act is finalized.

The proposed act would create the country’s first comprehensive digital asset framework, including rules for stablecoin issuance, disclosures and market activity. However, lawmakers have yet to reconcile multiple proposals, with disagreements over which institutions

should be allowed to issue

won-pegged stablecoins contributing to delays.

Related:

South Korea plans stablecoin rules as opposition pushes crypto tax repeal

South Korean regulators have also

sought to expand

reporting requirements for crypto transfers. On June 22, South Korea’s Financial Intelligence Unit (FIU) proposed extending Travel Rule reporting requirements to transactions below 1 million won (about $650).

The FIU also called for stronger action against unregistered overseas exchanges serving South Koreans. The agency said uneven licensing and supervision across jurisdictions created opportunities for regulatory arbitrage, a concern underscored by the country’s continued stablecoin outflows.

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