Stablecoin stocks surge… Bankware Global limit-up · NHN KCP 26%↑

Small- and mid-cap stablecoin-related stocks are rising together on the 25th.

As of 2:50 p.m. on the 25th, Bankware Global, considered a stablecoin-related stock, soared to the limit-up. The company has recently been pursuing projects such as building a blockchain platform related to Naver Cloud and token securities (STO). Other stablecoin stocks, including NHN KCP(26.56%), Danal(4.69%), HancomWith(2.31%), and Deojeun(7.29%), are also rising together.

This trend is due to news that Naver is incorporating Dunamu, the operator of Upbit, the world's fourth-largest virtual asset exchange, as an affiliate that day. The securities industry interprets that investor sentiment was affected as they expect Naver to actively enter the stablecoin business in the future.

A stablecoin is a virtual asset designed to maintain a stable price by being pegged to the value of a fiat currency such as the U.S. dollar, like 'coin=1 dollar'. If pegged to the value of the Korean won, such as '1 coin=1000 won', it is called a 'won-pegged stablecoin'.

The market expects the stablecoin theme to remain strong for the time being. This is because the government is actively promoting the introduction of won-pegged stablecoins, and movements by IT and financial companies into the stablecoin business are expected to affect the overall theme.

Some argue that the rise is excessive based solely on 'expectations' without concrete business models or profit structures. A financial investment industry official pointed out, "Excessive thematic concentration increases stock price volatility, so investors need to be cautious."

Reporter Eun-hyeok Ryu ehryu@hankyung.com