South Korea’s Me2on shares surge amid reports of USDC stablecoin linkage

Shares of Me2on, a South Korean social casino game developer, surged on June 10, briefly hitting the upper price limit before settling at 2,370 KRW ($1.75), up 23.63% from the previous day, according to Asia Business Daily. The rally appears to be linked to growing interest in the company’s blockchain-based play-to-earn (P2E) game, which uses a cryptocurrency that can reportedly be exchanged for Circle’s USDC stablecoin. The news follows an earlier Fortune report noting that major tech firms like Apple, X, Airbnb and Google, are exploring stablecoin adoption.