South Korea’s cryptocurrency market, well-known for its focus on retail spot trading, is experiencing a noticeable slowdown. The country’s daily stablecoin trading volume exceeded ₩1 trillion ($730 million) at the end of last year. Since then, it has shrunk to around ₩200 billion ($146 million) by June—an 80% drop in just six months. Why Did the Trading Volume Drop? According to data submitted to lawmaker Park Sung-hoon of the People Power Party, the average daily domestic stablecoin trading volume was ₩238 billion in June
source: https://beincrypto.com/kimchi-shrinks-stablecoin-trading-volume-plunges-80-in-south-korea/