South Korean firms near $1B in overseas stablecoin settlements this year

Stablecoin settlement volume between South Korean companies and overseas counterparts reached about $620 million, or 853.9 billion won, from January 2021 through September this year, IT Chosun reported. The figure excludes exchange deposits and withdrawals as well as investment-related transactions, covering only payments for goods and services such as raw materials. The report indicates corporate demand for stablecoins is expanding beyond investment use into real-world payment and settlement activity.