Stablecoin Trading Surges 62% in Korea as Dollar Strengthens Against Won [Yahoo! Finance]
Shinhan Financial Group Co Ltd American Depositary Shares (SHG)
US:NYSE Investor Relations:
shinhangroup.co.kr/en/invest/main.jsp
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Source: Yahoo! Finance
According to The Korea Times, trading volume in Tether (USDT) across the nation's five major won-based exchanges climbed to 378.2 billion won ($261 million) when the exchange rate exceeded 1,480 won per dollar last Wednesday, citing CryptoQuant data. The spike follows mounting currency pressures that pushed the won through nine consecutive days of declines against the dollar, marking its longest losing streak since 2008, Bloomberg reported. Source: Bloomberg Major exchanges, including Korbit, Coinone, Upbit, and Bithumb, launched aggressive promotional campaigns centered on stablecoins, including USDC and USDe, waiving trading fees and distributing rewards to boost volumes during what industry officials described as a downturn in broader crypto markets. According to The Chosun Daily, South Korea's major commercial banks slashed dollar deposit interest rates to near zero in response to government pressure to defend the exchange rate. Shinhan Bank cut its annual rate from 1.5
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SHG
News
- Shinhan Financial reports FY results [Seeking Alpha]Seeking Alpha
- Shinhan Financial Group (NYSE:SHG) was upgraded by analysts at Zacks Research from a "strong sell" rating to a "hold" rating.MarketBeat
- Chainlink Joins Korea's Stablecoin Race as It Ramps Up Digital Won Ambitions — Here's Why It Matters [Yahoo! Finance]Yahoo! Finance
- Cha Eun Woo Releases First Statement Addressing Tax Evasion Allegations [Forbes]Forbes
- Acumen's Hardest-to-Reach Initiative reaches target raise of $250 million as Amplify completes final closePR Web
SHG
Sec Filings
- 2/5/26 - Form 6-K
- 2/5/26 - Form 6-K
- 2/5/26 - Form 6-K
- SHG's page on the SEC website