Upbit, a prominent South Korean digital asset exchange, has announced the listing of the USD1 stablecoin in its KRW, BTC, and USDT markets, effective September 1, 2025. This strategic move is intended to enhance market accessibility and offer traders a stablecoin pegged to the US dollar, aligning with Upbit's goal to diversify its asset offerings and support dollar-backed tokens such as USDT and USDC.
The USD1 stablecoin currently holds a market capitalization of $2.67 billion, with a trading volume of $620.06 million, marking a 33.10% increase. While no formal endorsements or regulatory comments have been issued, the listing could signal growing interest in similar stablecoins, potentially impacting trading patterns with initial liquidity influxes.
Upbit Lists USD1 Stablecoin Across Multiple Markets
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