China has seen a massive surge in peer-to-peer stablecoin use, even as bans continue. South Korea’s crypto economy is worth now worth $450B despite exchange profits falling 78%.
- China has experienced a 43x surge in P2P stablecoin wallet usage despite existing crypto restrictions, with stablecoins treated as working capital.
- South Korea's crypto economy is valued at $450B, but exchanges face declining profits and trading volumes, while Securitize partners with LG CNS for tokenization infrastructure.
- Several Asian hubs like Singapore and Hong Kong are advancing crypto and tokenization initiatives, including institutional custody services and licensing frameworks, while Japan sees increased DEX usage.
Topics: Jurisdictions, Institutional adoption, Blockchain usage, Emerging hubs, Banking depository pilots, Ethereum evm l 1 s
Tags: #china #stablecoin #southkorea #securitize #lgcns #tokenization #singapore #standardchartered #hongkong #japan
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