[Gyeongju APEC] Dunamu: "Blockchain Revolution Is an Opportunity to Lead Financial Order... Stablecoins Have Great Potential"

"Bitcoin Bubble, a Rite of Passage in Evolution"

Oh Kyung-seok, CEO of Dunamu, emphasized that the blockchain revolution, including stablecoins, is an opportunity for Korea to lead a new financial order. He dismissed concerns about a "Bitcoin bubble" raised by some as nothing more than a rite of passage.

On October 29, at the 8th session of the 2025 Asia-Pacific Economic Cooperation (APEC) CEO Summit titled "The Future of Currency and Global Financial Markets," held at the Gyeongju Arts Center in Gyeongbuk, Oh Kyung-seok, CEO of Dunamu, delivered a keynote speech. He stressed, "The blockchain revolution presents Korea and Dunamu with the opportunity to establish a new financial order together with global partners."

Oh Kyungseok, CEO of Dunamu, is delivering the keynote speech at the 8th session of the 2025 Asia-Pacific Economic Cooperation (APEC) CEO Summit titled "The Future of Currency and Global Financial Markets," held on the 29th at the Gyeongju Arts Center in Gyeongbuk. Provided by Dunamu

Regarding the growth potential of stablecoins, Oh stated, "The adoption of blockchain and stablecoins is still in its early stages, and the growth potential is indeed enormous. Exchange-based stablecoins account for an overwhelming share of the market capitalization, which demonstrates that exchanges are playing a central role."

He also explained that stablecoins will serve as a bridge connecting traditional finance and blockchain. Oh said, "For a long time, blockchain remained isolated from the traditional financial system, but stablecoins are the bridge that connects the two." According to Dunamu, the current market capitalization of stablecoins amounts to 300 billion dollars (approximately 430.05 trillion won).

Addressing the so-called "Bitcoin bubble theory" raised by some, Oh remarked, "Bitcoin fell more than 80% from its 2018 peak, but has since risen more than fivefold to become the seventh-largest asset in the world. A bubble is a rite of passage in evolution. Rather than fearing bubbles, we should ask what this change means and how we should respond to it."

He went on to introduce Dunamu's four key solutions: "Giwa Chain," which supports the issuance and circulation of stablecoins; "Giwa Wallet," a virtual asset wallet service; "VerifyVASP," a global travel rule solution; and "Upbit Custody," a digital asset custody service.

Oh concluded, "We are no longer in an era of designing money, but in an era of designing trust. Dunamu will begin this journey in Korea, expand to Asia, and further to the global stage, creating a new model for 'the future of currency and global financial markets.'"