South Korean won-based stablecoins posted 18 consecutive months of net outflows to overseas exchanges, with $367M flowing out in June 2026 to access derivatives and DeFi services unavailable domestically.
DeFi & Yields ·
South Korea's five major won-based crypto exchanges recorded a net outflow of 560.3 billion won—approximately $367 million—to overseas platforms in June 2026, after sending out 2.7625 trillion won in stablecoins while receiving 2.2022 trillion won in return. According to reporting, this marks the 18th consecutive month of net outflows since January 2025.
The sustained departure of stablecoins reflects structural gaps in the domestic market. Users are believed to be routing capital abroad primarily to access crypto and stock derivatives, real-world asset products, decentralized finance protocols, and staking services that remain unavailable through South Korean exchanges.
What remains unclear is whether regulatory tightening domestically will reverse the outflow pattern, or if the divergence between local and overseas market offerings will persist as a long-term feature of the Korean crypto ecosystem.