Stablecoin-related stocks in South Korea moved sharply higher, according to Gate data cited by Odaily. Kakao Pay rose 10.91% to KRW 45,750, while The Zone gained 10% to KRW 2,090 and NHN KCP climbed 9.76% to KRW 14,840. Hecto Financial posted the strongest advance among the names listed, jumping 20.49% to KRW 22,350, and Danal rose 11.73% to KRW 5,190.
Odaily said analysts linked the move to news around U.S. crypto policy. The report pointed to U.S. President Donald Trump urging Congress to advance the CLARITY Act. During a White House meeting with major figures from the crypto industry, Trump said the bill would provide an institutional foundation for the United States to maintain its lead in digital assets.
The report added that expectations for a clearer U.S. crypto regulatory framework could support broader growth in the global digital asset and stablecoin payments ecosystem. That view is now being reflected in strength across South Korean payments and fintech names tied to the stablecoin theme.
Stablecoin-related stocks in South Korea posted broad gains, according to Gate data cited by Odaily, with Kakao Pay rising 10.91% to KRW 45,750.
The Zone gained 10% to KRW 2,090. NHN KCP rose 9.76% to KRW 14,840. Hecto Financial jumped 20.49% to KRW 22,350, while Danal added 11.73% to KRW 5,190.
Payments and fintech names led the move
- Kakao Pay: up 10.91% to KRW 45,750
- The Zone: up 10% to KRW 2,090
- NHN KCP: up 9.76% to KRW 14,840
- Hecto Financial: up 20.49% to KRW 22,350
- Danal: up 11.73% to KRW 5,190
U.S. policy headlines were cited as a possible driver
Odaily said analysts believe the rally may have been supported by news that U.S. President Donald Trump urged Congress to push forward the CLARITY Act. During a White House meeting with leading figures from the crypto industry, Trump said the bill would create the institutional basis for the U.S. to maintain its leadership in digital assets.
The report added that a clearer U.S. regulatory framework for crypto could help expand the global digital asset and stablecoin payments ecosystem. Those expectations are being reflected in gains across South Korean payments and fintech stocks.
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