According to online reports, according to CoinDesk, South Korean retail investors are enthusiastic about Circle, buying a net of US$450 million this month, making it the most popular overseas stock among South Korean people. Circle's current P/E ratio is 187 times, far exceeding that of traditional financial technology companies. As new President Lee Jae-myung accelerated the legalization of the Korean won stablecoin, South Korea's local financial technology giant KakaoPay's share price rose 160%. At the same time, South Korea's National Assembly is reviewing the Digital Assets Framework Act, which plans to allow licensed institutions such as KakaoPay to issue Korean won stablecoins.