With the popularity of KRW-based stablecoins, Dunamu and Bithumb stock prices soar

YM Lee

Summary

It was reported that, as expectations rise for the introduction of KRW-based stablecoins, the stock prices of domestic virtual asset exchanges such as Dunamu and Bithumb are strengthening.
Dunamu has attracted investors' attention due to news of its plans to collaborate with Naver Pay on a stablecoin business.
Bithumb also saw its stock price more than double in a month, as it filed for various KRW-based stablecoin trademarks such as BithumbKRW.

As market expectations for the introduction of KRW-based stablecoins rise, the stock prices of domestic virtual asset exchanges are also strengthening.

According to Securities Plus data on the 9th, Dunamu, the operator of Upbit, is trading at ₩251,000, up 2.87% from the previous day. A month ago, Dunamu's stock price was only ₩161,000, but it has been showing strength as expectations for KRW-based stablecoins have grown following the inauguration of the Lee Jae-myung administration.

Bithumb, which is pursuing an IPO, showed even greater gains. Currently, Bithumb trades at ₩229,000 per share, more than doubling from the price of ₩102,000 a month ago.

Dunamu recently attracted significant attention as it announced plans to collaborate with Naver Pay on a stablecoin business, while Bithumb, on the 8th, filed for several KRW-based stablecoin trademarks, such as BithumbKRW.