由於韓元價格大幅下跌以及國內硬幣市場的監管，今年穩定幣交易量超過了 600 億美元。

自緊急戒嚴危機以來，日均交易額約為7億美元（1.19兆韓元），增至國內銀行日均即期外匯交易額的5%。

Transactions via domestic stablecoins have topped $60 billion this year amid a steep decline in the won’s value and tighter regulations on the domestic cryptocurrency market.

由於韓元價值急劇下跌以及國內加密貨幣市場監管更加嚴格，今年透過國內穩定幣進行的交易已突破 600 億美元。

Daily trading has averaged around $700 million (1.19 trillion won) since the economic martial law was declared, rising to about 5 percent of the average daily spot exchange transactions handled by domestic banks. Demand appears to be surging to invest in the rapidly appreciating dollar.

自經濟戒嚴令宣布以來，日均交易量約為 7 億美元（1.19 兆韓元），佔國內銀行每日均現貨外匯交易量的 5% 左右。投資快速升值的美元的需求似乎正在激增。

According to data from virtual asset analysis company CryptoQuant on Monday, the value of stablecoin transactions on Upbit, Bithumb, Coinone, Korbit, and Gopax — Korea’s top five cryptocurrency exchanges — reached $60.21 billion as of the 26th of this year. This is the sum of the purchase and sale transactions of stablecoins like Tether (USDT) and Circle (USDC), and amounts to over 88 trillion won.

根據虛擬資產分析公司 CryptoQuant 週一的數據，截至今年 26 日，韓國排名前五的加密貨幣交易所 Upbit、Bithumb、Coinone、Korbit 和 Gopax 的穩定幣交易額達到 602.1 億美元。這是 Tether (USDT) 和 Circle (USDC) 等穩定幣的買賣交易總和，金額超過 88 兆韓元。

The increase in investment in stablecoins, which do not generate any market gains, is likely to be driven by efforts to transfer funds to overseas cryptocurrency exchanges and to invest abroad. There is also thought to be demand for transferring the coins to a personal wallet.

對穩定幣的投資增加，但不會產生任何市場收益，很可能是由於將資金轉移到海外加密貨幣交易所和海外投資的努力。人們認為還有將代幣轉移到個人錢包的需求。

The outflow of funds is attributed to the financial authorities’ excessive regulations, which have severely limited the autonomy of domestic exchanges in listing new coins. Derivative trading remains banned on domestic exchanges, and funds are quickly flowing out amid the recent instability in the domestic political landscape. As a result, demand for stablecoins is seen as posing a new risk in the foreign exchange market, such as by driving up demand for dollars.

資金外流歸咎於金融當局的過度監管，嚴重限制了國內交易所上市新幣的自主權。國內交易所仍禁止衍生性商品交易，近期國內政局不穩定，資金迅速外流。因此，對穩定幣的需求被視為對外匯市場構成新的風險，例如推高美元需求。

Demand for stablecoins in Korea has been on the rise since the economic martial law was declared on the 3rd. The volume of stablecoin transactions, which averaged $430.54 million per day last month, jumped to $673.28 million (around 989.72 billion won) following the declaration.

自3日宣布經濟戒嚴以來，韓國對穩定幣的需求一直在上升。聲明發布後，穩定幣交易量從上個月平均每天 4.3054 億美元躍升至 6.7328 億美元（約 9,897.2 億韓元）。