由于韩元价格大幅下跌以及国内硬币市场的监管，今年稳定币交易量超过了 600 亿美元。

自紧急戒严危机以来，日均交易量约为7亿美元（1.19万亿韩元），增至国内银行日均即期外汇交易额的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.

由于韩元价值急剧下跌以及国内加密货币市场监管更加严格，今年通过国内稳定币进行的交易已突破 600 亿美元。

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.

自经济戒严令宣布以来，日均交易量约为 7 亿美元（1.19 万亿韩元），占国内银行日均现货外汇交易量的 5% 左右。投资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.

根据虚拟资产分析公司 CryptoQuant 周一的数据，截至今年 26 日，韩国排名前五的加密货币交易所 Upbit、Bithumb、Coinone、Korbit 和 Gopax 的稳定币交易额达到 602.1 亿美元。这是 Tether (USDT) 和 Circle (USDC) 等稳定币的买卖交易总和，金额超过 88 万亿韩元。

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.

对稳定币的投资增加，但不会产生任何市场收益，很可能是由于将资金转移到海外加密货币交易所和海外投资的努力所致。人们认为还有将代币转移到个人钱包的需求。

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.

资金外流归咎于金融当局的过度监管，严重限制了国内交易所上市新币的自主权。国内交易所仍禁止衍生品交易，近期国内政局不稳定，资金迅速外流。因此，对稳定币的需求被视为对外汇市场构成新的风险，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日宣布经济戒严以来，韩国对稳定币的需求一直在上升。声明发布后，稳定币交易量从上个月平均每天 4.3054 亿美元跃升至 6.7328 亿美元（约合 9897.2 亿韩元）。