Bank of Korea surges after Stablecoin trademark documents


Stocks of major South Korean banks surged after trademark filings filed to apply for stable shares, indicating a growing institutional interest in digital assets.

Shares of at least three South Korean banks that recently applied for the Stablecoin trademark won by South Korea rose 10% to 20%, according to Google Finance data. Market reactions show investors’ optimism about banks’ potential entry into the cryptocurrency sector.

The documents come shortly after the founding of Lee Jenmon, the country’s 21st President, on June 4. His campaign includes promises to cryptocurrencies, including Developing stable proteins won by Korea.