🎉 Gate xStocks Trading is Now Live! Spot, Futures, and Alpha Zone – All Open!
📝 Share your trading experience or screenshots on Gate Square to unlock $1,000 rewards!
🎁 5 top Square creators * $100 Futures Voucher
🎉 Share your post on X – Top 10 posts by views * extra $50
How to Participate:
1️⃣ Follow Gate_Square
2️⃣ Make an original post (at least 20 words) with #Gate xStocks Trading Share#
3️⃣ If you share on Twitter, submit post link here: https://www.gate.com/questionnaire/6854
Note: You may submit the form multiple times. More posts, higher chances to win!
📅 July 3, 7:00 – July 9,
South Korean retail investors are frantically chasing Circle, with its stock price rising by 500%. The legalization of the Korean won stablecoin is imminent.
On June 27, according to reports, South Korean retail investors are fervently buying Circle, with a net purchase of $450 million this month, making it the most favored overseas stock among the South Korean public. Circle's current price-to-earnings ratio has reached 187 times, far exceeding that of traditional financial technology companies. Since its listing on June 5, Circle's stock price has soared over 500%, and its market capitalization once reached $77 billion.
As the newly elected president Lee Jae-myung accelerates the legalization of the Korean won stablecoin, South Korean fintech giant KakaoPay's stock price has surged by 160%. Meanwhile, the National Assembly of South Korea is reviewing the "Digital Asset Framework Bill," which aims to allow licensed institutions like KakaoPay to issue Korean won stablecoins.