Stablecoin net outflows to overseas exchanges reach $10.8B in 18 months

About 14.9 trillion won ($10.8 billion) in stablecoins was net withdrawn to overseas exchanges from South Korean won-market exchanges over the past 18 months, Digital Asset reported, citing data from the office of People Power Party lawmaker Lee Jong-wook. The data showed that about 14.9245 trillion won was net transferred abroad from South Korean exchanges Upbit, Bithumb, Coinone, Korbit and Gopax between January 2025 and June 2026. Net withdrawals refer to the amount withdrawn minus deposits, indicating the volume of stablecoins that actually left for overseas exchanges. By exchange, Upbit accounted for 9.0914 trillion won ($6.6 billion), followed by Bithumb at 2.6502 trillion won ($1.9 billion), Coinone at 2.5662 trillion won ($1.9 billion), Korbit at 604.2 billion won ($437.4 million) and Gopax at 12.5 billion won ($9.1 million). The largest monthly net outflow was recorded in February 2025 at about 1.2049 trillion won ($872.7 million).