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I recently heard some news that Bithumb in Korea—you know, the second-largest exchange—is planning a major move.
They are launching a STABLE Korean Won trading pair. What does this mean? Korean users can now buy STABLE stablecoins directly with Korean Won, without having to go through the extra step of converting to other currencies first.
Honestly, pairing stablecoins with fiat trading pairs is definitely more convenient for the local market. Especially since cryptocurrency trading has always been quite active in Korea, this move is likely to attract many users who want to enter the market but are worried about volatility.
It seems that all exchanges are looking for ways to expand the use cases for stablecoins, as these days they are increasingly becoming a bridge connecting traditional finance and the crypto world.