[South Korea's Stablecoin Daily Trading Volume Drops Sharply to 238 Billion KRW] The domestic stablecoin market in South Korea has experienced a significant contraction in trading volume. According to data submitted by the National Assembly Legislative Investigation Office to the National Assembly Planning and Finance Committee, as of June this year, South Korea's stablecoin daily trading volume stood at 238 billion KRW, a sharp decline from the peak of 1.229 trillion KRW in December last year. This data was derived from the trading volumes of U.S. dollar stablecoins (USDT, USDC, USDS) on South Korea's five major virtual asset exchanges (Upbit, Bithumb, Korbit, Coinone, Gopax), as reported by the Bank of Korea. Last year, stablecoin trading volume experienced rapid growth, climbing steadily from 174.1 billion KRW in July to 304.1 billion KRW in October, reaching 638.1 billion KRW in November, and ultimately hitting a historic high in December. However, trading volume has continued to decline this year, indicating a significant drop in market activity.