00:02It's Tuesday, September 22.
00:05Let's get into one of Korea's top economic stories today.
00:08More than half of all won stablecoin trading in Korea
00:11is now happening against the Japanese yen token, JPYC.
00:16That share has climbed to 54%.
00:19Trading volume in JPYC surged roughly 500-fold
00:23after Japan granted it regulatory approval.
00:27Korean exchanges have seen a rush into JPYC-won pairs
00:31since Japan's approval cleared the way for wider circulation.
00:35Regulators and financial authorities
00:37are now watching the flow of funds between the two currencies.
00:41The surge has raised questions about oversight gaps
00:44in Korea's stablecoin market.
00:46Here's what the numbers show.
00:4854%.
00:49That's the share of Korean won stablecoin trading
00:53now happening against JPYC.
00:57JPYC trading volume jumped roughly 500-fold
01:00following Japan's regulatory approval of the token.
01:05USDT-JPYC pairs have also emerged alongside the won-JPYC trade.
01:11Separately, AI data centers are facing a 25% jump in leased GPU costs,
01:17with H100 daily rental rates up 24.7% since last month.
01:23So what does this mean for global readers following Korea's economy?
01:27Earlier, we said JPYC now accounts for 54% of won stablecoin trading in Korea.
01:34Here's what that actually means for you.
01:35Korean regulators are facing a fast-moving cross-border currency flow
01:40they didn't design their rules around,
01:42and enforcement gaps could widen before rules catch up.
01:46The parallel spike in GPU rental costs shows Korea's AI build-out
01:51is getting more expensive at the same time.
01:53Regulatory response from Korea's financial authorities on JPYC trading oversight.
01:59Whether USDT-JPYC pair volume keeps climbing.
02:04GPU rental price trends as AI compute demand keeps rising.
02:10That's today's AI Prism, Front Page Daily.
02:14This episode was produced with AI Assistants,
02:17based on Seoul Economic Daily reporting and reviewed by a human editor.
02:22AI Prism is a Juan Ifra award-winning series.
02:25We'll be back tomorrow.
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