Bank of Korea Links Dollar Stablecoins to Local Currency Premium Compression
Central bank statement from 3 September 2026 quantifies how stablecoin demand on global exchanges can reduce local-currency premiums.
The Bank of Korea released findings on 3 September 2026 that link demand for dollar-backed stablecoins on global exchanges to measurable compression in local-currency premiums.
Investors who purchase tokens with fiat money on these platforms can exert downward pressure on local currencies, according to the statement.
The study recorded a decline of 0.33 to 0.38 percentage points in local stablecoin premiums after Binance introduced the relevant trading pairs.
What remains unknown
The exact sample currencies, observation window, and statistical controls used in the analysis have not been disclosed.