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USD/KRW Falls to 40-Day Low of 1,498.10, USDT and USDC Decline Ahead of Official Market

Forex Price Volatility

2026-07-09 00:02:54

According to Yonhap Infomax, on July 9, the USD/KRW exchange rate fell to 1,498.10 won intraday, marking its lowest level since May 29 and the lowest in 40 days. Notably, dollar-pegged stablecoins USDT and USDC declined below the 1,500 won level approximately one day before the official foreign exchange market, signaling the digital asset market's responsiveness to market news. Data from Upbit showed USDT fell below 1,500 won on July 7 at around 8 p.m., while USDC followed a similar pattern. Analysts at Cobit Research Center attributed the move primarily to retail investors' sensitivity to market developments, particularly news of expanded dollar supply following SK Hynix ADR listing, rather than the stablecoin market forecasting future exchange rates.

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In-Depth Analysis

Korean Won Breaks Below 1500 Per Dollar as Foreign Investors Resume Buying

Lucas Bennett3h ago

Won-Dollar Rate Drops Below 1500 Won as SK Hynix ADR Listing Nears

Lucas Bennett16h ago

USD-KRW Drops to 1,510 Won After Korea-Japan Forex Coordination Signal

Lucas Bennett23h ago

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