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The Bank of Korea publishes FX reserves data at 6 a.m. on the 3rd, labeled as end-August 2026 reserves, and follows at noon with an issue note titled 'Linkages between dollar stablecoins and the FX market: focusing on the role of global exchanges.' The transmission channel is regulatory and FX rather than spot price: if the central bank frames offshore exchange-based dollar stablecoin flows as a channel that affects won liquidity and USD/KRW, it strengthens the case for tighter cross-border and issuance rules on domestic digital-asset venues. Watch whether the note quantifies stablecoin-driven FX turnover or proposes reporting requirements, which would be the concrete signal for KRW stablecoin legislation and for Korean exchange volume assumptions; the governor's overseas schedule from August 27 to September 9 covers Jackson Hole, Asheville and Basel.
As a Policy signal, watch whether it changes price action, volatility, or flows around KRW=X, BTC.
Original Source: 토큰포스트
This page is market information analysis, not investment advice.
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