Survey: 34.9% of Korean crypto investors support launch of won-backed stablecoin

A survey tracking weekly trends among South Korean cryptocurrency investors, conducted by CoinNess and Cratos from June 10 to 13, found that 37.0% of respondents expect Bitcoin's (BTC) value to increase or significantly jump this week, a decrease from last week's 41.7%. Meanwhile, 36.0% predict a stable market, up from 25.3% last week, and 27.0% anticipate a decline or sharp drop, down from 33.0% previously. When asked about the overall market sentiment, 41.4% indicated optimism or extreme optimism. While 39.0% felt neutral, 19.6% expressed feelings of fear or extreme fear. The survey also asked respondents for their views on the potential launch of a Korean won-backed stablecoin. The largest share, 34.9%, said they support the idea. In contrast, 28.1% dismissed the idea as unnecessary and potentially harmful to the market. Another 25.2% said they are indifferent to the launch as long as crypto prices go up, while 11.8% said they have no interest in the issue.