According to CoinDesk, South Korean retail investors are feverishly following Circle, buying a net $450 million this month, making it the most popular overseas stock among South Koreans. Circle's current price-to-earnings ratio is 187 times, far exceeding that of traditional fintech companies.
Shares of local financial tech giant KakaoPay rose 160 per cent as new president Lee Jae-myung accelerated the legalisation of the won stablecoin, while the National Assembly was considering the Digital Assets Framework Act to allow licensees such as KakaoPay to issue stablecoins.
Circle became the most popular overseas stock among South Korean investors, with retail investors buying a net $450 million this month
2025-06-27 06:56:54
Disclaimer:
1. The information provided does not constitute investment advice. Investors should make independent decisions and bear all risks themselves.
2. The copyright of this content belongs to the original author. The views expressed herein are solely those of the author and do not represent the stance or position of this website.
Previous article：
Circle成为韩国投资者最青睐海外股票，散户本月净买入4.5亿美元Next article：
BinanceAlpha将上线Moonveil(MORE)，空投门槛170分
