On May 10, data submitted by the Bank of Korea to the National Assembly revealed that the scale of crypto assets held by South Korean investors has dropped from 121.8 trillion won (approximately 83.3 billion USD) at the end of January 2025 to 60.6 trillion won (approximately 41.4 billion USD) at the end of February 2026, a decline of over 50% within a year. Additionally, the average daily trading volume of South Korea's five major exchanges—Upbit, Bithumb, Korbit, Coinone, and Gopax—fell from 11.6 billion USD in December 2024 to 3 billion USD in February this year. The deposits in these exchanges also decreased from 10.7 trillion won to 7.8 trillion won, indicating that some funds are shifting towards the South Korean stock market. However, holdings of stablecoins remained relatively strong. Data shows that South Korea's stablecoin holdings peaked at 597 million USD in December 2024, but fell to 41 million USD in February this year, a decline significantly smaller than that of the overall crypto market.