"Surge in Circle Stock Spurs Buying Frenzy in Korea... Individual Investors Net Purchase ₩600 Billion"

South Korean individual investors have reportedly bet over ₩600 billion on Circle, the U.S.-listed stablecoin company. Expectations for related stocks are rapidly rising, driven by new government policies prioritizing the introduction of a won-based stablecoin.

According to CoinDesk, a crypto-specialized media outlet, on the 27th (local time), stablecoin issuer Circle (CRCL) has emerged as the most net-purchased overseas stock among Korean investors this month. South Korean retail investors are said to have bought about $450 million (around ₩610 billion) worth of Circle stock so far this month.

On its first day listed on the New York Stock Exchange, June 5, Circle's share price soared over 500% at one point, bringing its market capitalization to $77 billion (approximately ₩104 trillion). This exceeds the current $61 billion market cap of Circle's circulating stablecoin, USDC.

The media outlet added, "Although the stablecoin sector has remained a limited area of the crypto industry until recently, market interest is quickly spreading due to regulatory clarity and the expanding role of stablecoins as financial infrastructure."