The shares of the major South Korean banks rose after the brands of Stablecoins, indicating an increasing institutional interest in digital assets.
According to Google Finance data, at least three South Korea banks have recently applied for trademarks in Stablecoin, share stock prices by 10 % to nearly 20 %. The market reaction indicates the investor optimism about the potential entry of banks in the encrypted currency sector.
The deposits came shortly after the opening of the twenty -first president of the country, Lee Jay Mimyung, on June 4. His campaign included a friend of encryption, including Development of Stablecoin Korean.
The shares of South Korea are rising amid Stablecoin’s noise
WIPO data (WIPO) shows that Cocoa Bank foot For brands related to Stablecoin on June 23. South Korean media industry news I mentioned The company provided at least 12 brands related to encryption.
After a day, the price of his share jump To 37,000 Korean victory ($ 27) from $ 22.60, an increase of 19.3 %.
Kokmin Bank, a subsidiary of KB Financial Group, too foot For brands related to Stablecoin on June 23. The group’s shares have seen a modest initial profit after a day of deposit.
Share price hiking To $ 82 on June 24, an increase of 4.3 % from $ 78 before deposit.
Kokmin stock continued to rise. At the time of writing this report, its shares were traded at $ 89, an increase of 13.38 % since it was presented to Stablecoin brands.
On June 27, Korea Industrial Bank is also foot For the brands of Stablecoin, causing a rise in their shares. The bank’s shares are currently Deals At $ 14.70, an increase of 10.1 % since it was presented, when it was traded at $ 13.30.
Cointelegraph Cakao, Kokmin Bank and Korea Industrial Bank call for more information about their Stablecoin plans, but it did not receive any responses by publishing.
Other major banks in the country have They expressed their desire to cooperate Stablecoin launch bound to the currency.
Related to: The new president of South Korea will enhance the encryption, but scandals prevail
The researcher says that South Korea faces the “Stablecoin Bubble”
100Y, provide a search for the four encryption research company, He said On X that the current situation puts South Korea in the “Stablecoin Bubble”.
Although there were no clear rules, banks were jumping to Stablecoin, as they benefit from the increase in stock prices after offering brands related to nails.
The researcher added that despite the banks rushing to benefit from momentum, South Korea lacks clear organizational guidelines on Stablecoins, which creates uncertainty about long -term feasibility.
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